BHM Capital Reports Stellar 2024 Financial Growth

BHM Capital Financial Services, a prominent player in the United Arab Emirates' financial markets, has reported a remarkable financial performance for the year 2024. The company, listed on the Dubai Financial Market (DFM) and regulated by the UAE Securities and Commodities Authority, has consistently demonstrated its prowess in the financial sector. The latest figures underscore BHM Capital's continued success and its strategic positioning as a leader in the industry.

In 2024, BHM Capital reported an impressive 18.95% increase in total revenue, reaching AED 162.63 million, up from AED 136.73 million in 2023. This growth was largely fueled by an expansion in financial services and heightened trading activity. The company's net profit also saw a substantial rise of 18.84%, amounting to AED 37.48 million, compared to AED 31.54 million in the previous year. This underscores the company's operational efficiency, effective cost management, and ability to capitalize on growth opportunities within local and regional financial markets.

The trading volume for BHM Capital increased by 7%, reaching AED 33.03 billion in 2024. This is a testament to growing investor confidence and the company's success in attracting a broader base of individual and institutional clients. Moreover, shareholders' equity expanded by 16.35%, reaching AED 263.44 million, up from AED 226.42 million in 2023. This reinforces BHM Capital's robust financial position and supports its ambitious growth plans, including investments in fintech innovations.

One of the most notable achievements in 2024 was the extraordinary surge in new client acquisitions. The number of new registered accounts rose by 379.61%, reaching 33,563 new accounts, compared to 6,998 in 2023. Additionally, the active client base increased by 39.99% to 26,472, up from 18,910 in the previous year. This growth reflects the success of the company's expansion strategies and the effectiveness of its digital transformation initiatives in attracting and engaging more clients.

Abdel Hadi Al Sa’di, the CEO of BHM Capital, emphasized that the company's outstanding financial performance is a testament to its unwavering commitment to delivering top-tier financial services that drive growth and development in the UAE's capital markets and beyond. He stated, Over the past year, we have reinforced our competitive edge by investing in innovation and developing advanced trading solutions tailored to the evolving needs of investors. Our strong revenue growth and increased operating profits have further solidified BHM Capital’s position as one of the leading providers of integrated financial services in local and regional markets.

Given the company's impressive financial results and strategic growth initiatives, investors might consider a buy recommendation for BHM Capital. The company's robust financial health, coupled with its commitment to innovation and client satisfaction, positions it well for continued success in the future.