BHM Capital Approves Key Resolutions in General Assembly Meeting
BHM Capital Financial Services held a significant General Assembly meeting on August 26, 2024, where crucial resolutions were passed.
Summary
BHM Capital Financial Services held a General Assembly meeting on August 26, 2024, approving the appointment of Mr. Hatem Salti to the Board of Directors and the acquisition of Al Waqan Capital Investment LLC.
BHM Capital Financial Services, a leading financial firm in the United Arab Emirates, conducted a pivotal General Assembly meeting on August 26, 2024. The meeting, which took place online, was chaired by Mr. Saeed Musallam Almazrouei and witnessed a significant quorum of 85.32% of the total attendance, distributed as 5.87% personal attendance, 79.45% proxy, and 85.32% through electronic voting.
One of the key ordinary resolutions passed during the meeting was the approval and ratification of the appointment of Mr. Hatem Salti as a member of the Board of Directors, as per the Board resolution dated April 18, 2024. This strategic appointment is expected to bring in fresh perspectives and strengthen the leadership team at BHM Capital.
In addition to the ordinary resolutions, a special resolution was also approved. The General Assembly ratified the company's decision to acquire Al Waqan Capital Investment LLC in exchange for issuing new shares to the partners. This acquisition is poised to enhance BHM Capital's market position and expand its portfolio of financial services, providing a broader range of investment opportunities to its clients.
Since its inception in 2006, BHM Capital has been a pioneer in the financial markets of the UAE, consistently ranking among the top firms. The company offers a wide array of financial services, including prime brokerage, investment management, market making, liquidity providing, corporate advisory, and research. With a strong commitment to integrity, innovation, and client care, BHM Capital provides access to capital markets in the UAE, KSA, USA, UK, and other regional and international markets.
The recent resolutions reflect BHM Capital's strategic vision to grow and adapt in a dynamic financial landscape. The appointment of Mr. Hatem Salti and the acquisition of Al Waqan Capital Investment LLC are expected to drive the company's growth trajectory and enhance its service offerings.
For investors, these developments signal a period of potential growth and expansion for BHM Capital. However, considering the current market conditions and the integration process of the new acquisition, a prudent approach would be to hold the instrument and observe how these changes unfold over the coming quarters.
Source
Summary
BHM Capital Financial Services P.S.C, a private joint stock company regulated by the Securities and Commodities Authority (SCA) under registration number 604097, held a General Assembly Meeting on Monday, August 26, 2024, from 11:00 AM to 12:00 PM online. The meeting was chaired by Mr. Saeed Musallam Almazrouei and had an attendance quorum of 85.32% of the total capital. The attendance was distributed as follows: 5.87% personal attendance, 79.45% proxy attendance, and 85.32% attendance through electronic voting. The meeting resulted in the following resolutions: 1. Ordinary Resolution: Approval and ratification of the appointment of Mr. Hatem Salti as a member of the Board of Directors, as per the Board resolution dated April 18, 2024. 2. Special Resolution: Approval and ratification for the company to acquire Al Waqan Capital Investment LLC in exchange for issuing new shares to the partners.
