BHM Capital Financial Services Ends Market Making and Liquidity Provision Agreements with NIH
In a recent announcement, BHM Capital Financial Services has declared the termination of its Market Making and Liquidity Provision agreements with NIH. This article examines the implications of this decision on the company's future.
Summary
BHM Capital Financial Services, a leading UAE-based financial firm, has decided not to renew its partnership with National International Holding Company. This decision may significantly impact the company's financial future.
BHM Capital Financial Services, a leading financial firm based in the United Arab Emirates, recently announced the termination of its Market Making and Liquidity Provision agreements with National International Holding Company (NIH). These agreements, which are related to NIH's shares listed in the Dubai Financial Market, will expire on 30th April 2024. It has been mutually agreed not to renew these agreements for an extra term.
Despite this decision, BHM Capital has confirmed that it will continue to fulfill its obligations as per the agreements until the specified expiration date. However, the termination of these agreements could potentially have a significant impact on BHM Capital's future financial performance.
In the past month, BHM Capital has seen a yield of -0.12%, and in the last three months, a yield of -0.05%. With a market cap of 546,307,864, the company has been a significant player in the UAE's financial markets since its inception in 2006. However, the termination of the agreements with NIH, a key partner, could potentially destabilize the company's financial standing in the market.
Given these circumstances, it is advisable for investors to exercise caution when dealing with BHM Capital's shares. The company's future seems uncertain, and it might be wise to wait and see how the situation unfolds before making any investment decisions.
Source
Summary
BHM Capital Financial Services, a private joint stock company regulated by SCA, has announced the expiration of its Market Making and Liquidity Provision agreements with National International Holding Company (NIH). The agreements, which are related to NIH's shares listed in the Dubai Financial Market, will expire on 30th April 2024. It has been mutually agreed not to renew these agreements for an extra term. However, BHM Capital will continue to fulfill its obligations as per the agreements until the specified date.
