Jordan Kuwait Bank Acquires 10% Stake in BHM Capital Financial Services PSC
In a recent development, Jordan Kuwait Bank has acquired a 10% stake in BHM Capital Financial Services PSC, a leading financial services company based in the United Arab Emirates. This move has significant implications for the future of BHM Capital and its stakeholders.
Summary
Jordan Kuwait Bank has informed Mr. Hamed Ahmad Ali, CEO of Dubai Financial Market, about its acquisition of 10% of BHM Capital Financial Services PSC, equivalent to 17,343,106 shares. The shares are held through a personal trading account with DFM. This move has been made in compliance with the Authority Board of Director's decision number (3) of 2000 regarding disclosure and transparency regulations, and DFM Board of Directors' decisions.
Source
Summary
EIH Financial Services LLC has informed the Dubai Financial Market (DFM) that it owns 66.97% of BHM Capital Financial Services PSC's total shares, which amounts to 116,146,786 shares. These shares are held through EIH's personal trading account with DFM. The disclosure is in line with the Authority Board of Director's decision number (3) of 2000 regarding disclosure and transparency regulations, as well as DFM Board of Directors' decisions. A copy of the disclosure was also sent to the Securities and Commodities Authority.
Summary
The Jordan Kuwait Bank has informed Mr. Hamed Ahmad Ali, the CEO of Dubai Financial Market, that it owns 10% of BHM Capital Financial Services PSC, equivalent to 17,343,106 shares. The shares are held through a personal trading account with DFM. This information is disclosed in compliance with the Authority Board of Director's decision number (3) of 2000 regarding disclosure and transparency regulations, and DFM Board of Directors' decisions. A copy of the disclosure was also sent to the Securities and Commodities Authority.
Summary
BHM Capital, a leading financial services company in the UAE, has announced a significant change in its major shareholder structure. EIH FINANCIAL SERVICES LLC -O.P.C, a subsidiary of EIH Ethmar International Holding PJSC, has assumed a 66.97% ownership stake in BHM Capital. This transition has resulted in a decrease in the ownership stake held by Jordan Kuwait Bank, which now owns 10% of the company. This strategic shift in ownership is expected to foster growth, innovation, and enhanced value for all stakeholders.
