BHM Capital Financial Services Announces H1 2024 Financials and Strategic Acquisition Plans
BHM Capital Financial Services P.S.C, a leading financial services firm in the UAE, held a pivotal board meeting to discuss its H1 2024 financial performance and a significant acquisition proposal.
Summary
BHM Capital Financial Services P.S.C approved its H1 2024 consolidated financial statements and discussed an acquisition of a company operating in diverse sectors including education and real estate. The board also resolved to call for a general assembly meeting to consider the acquisition proposal.
BHM Capital Financial Services P.S.C, a prominent player in the UAE's financial markets, has made significant strides in the first half of 2024. In a recent board meeting held on July 26, 2024, the company approved its H1 consolidated financial statements and discussed a strategic acquisition that could further bolster its market position.
The board meeting, which achieved a 100% quorum with all five members present, commenced at 11:30 AM and concluded at 12:30 PM. The primary agenda included the approval of the H1 2024 financial statements and deliberations on the acquisition of a target company involved in education, real estate development, investment, and various other sectors.
This acquisition, pending regulatory approvals, signifies BHM Capital's commitment to diversifying its portfolio and enhancing its service offerings. The board has also called for a general assembly meeting to consider and approve the acquisition proposal, reflecting the company's strategic approach to growth and expansion.
Since its inception in 2006, BHM Capital has been a trailblazer in the UAE's financial markets, renowned for its integrity, innovation, and client-centric approach. The company provides access to capital markets in the UAE, KSA, USA, UK, and other regional and international markets. Its comprehensive suite of financial services includes prime brokerage, investment management, market making, liquidity providing, corporate advisory, and research.
Headquartered in Vision Tower, Dubai Business Bay, with branches in Abu Dhabi, Sharjah, RAK, Al Ain, and inside Dubai Financial Market (DFM) in Dubai, BHM Capital continues to strengthen its foothold in the financial sector. The upcoming acquisition aligns with its mission to offer diversified investment opportunities and cater to a broader client base.
Given the company's robust financial health and strategic initiatives, investors might consider this an opportune moment to invest in BHM Capital. The acquisition, once finalized, could unlock new growth avenues and enhance shareholder value.
Source
Summary
BHM Capital Financial Services P.S.C, a private joint stock company regulated by the SCA, held a board of directors meeting on Friday, July 26, 2024, from 11:30 AM to 12:30 PM. All five board members were present, achieving a 100% quorum. The meeting resulted in the following decisions: approval of the H1 2024 consolidated financial statements, discussion of the acquisition details of a target company in various sectors including education and real estate, approval to call for a general assembly meeting to consider the acquisition proposal pending regulatory approvals, and other regular matters. The meeting was documented by Board Secretary Ma’an Albostami.
