BHM Capital Financial Services PJSC, a leading financial institution in the UAE financial markets, has been appointed as a Liquidity Provider for Dubai Taxi Company PJSC, listed in the Dubai Financial Market (DFM).

According to the agreement, BHM Capital will provide liquidity for Dubai Taxi’s shares listed on the Dubai Financial Market (DFM) as the regulated market by entering two-way daily quotes into the market trading system in compliance with the regulations set by Dubai Financial Market (DFM) and the UAE Securities and Commodities Authority (SCA).

This decision is a direct outcome of a solid agreement between both parties, established after the highly successful initial public offering (IPO) of Dubai Taxi, owned by the Dubai Government’s Department of Finance. The IPO was the largest in the history of the Dubai Financial Market, with subscription requests exceeding AED 150 billion for all segments combined. The IPO was limited to 24.99% of the company’s capital, equivalent to 624.75 million shares.

According to the agreement, BHM Capital will provide liquidity for Dubai Taxi’s shares listed on the Dubai Financial Market (DFM) as the regulated market by entering two-way daily quotes into the market trading system in compliance with the regulations set by Dubai Financial Market (DFM) and the UAE Securities and Commodities Authority (SCA).

Abdel Hadi Al Sa’di, the CEO of BHM Capital, is pleased that Dubai Taxi has joined the list of local companies benefiting from their liquidity services. He stated: “This move will enhance the company’s position in the Dubai Financial Market, stabilize the price movements of its traded shares, and enable investors to diversify their investment portfolios, taking advantage of opportunities in financial markets.

Al Sa’di thanked the leadership team at Dubai Taxi for their trust in BHM Capital, highlighting the company’s extensive experience in financial markets and its partnerships with various government and private entities, as well as major companies regionally and globally. He emphasized the company’s commitment to facilitating the trading of Dubai Taxi’s listed shares for both individual and institutional investors.

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About BHM Capital Financial Services:

BHM Capital is a leading financial services company listed in the Dubai Financial Market (DFM) and regulated by the UAE Securities and Commodities Authority providing services to individual and corporate investors. Since its establishment, it has been one of the top-ranked firms in the country’s financial markets and a pioneer in financial technology, making it a regional leader in providing essential tools for corporate and individual clients.

BHM Capital Is a subsidiary of EIH Ethmar International Holding PJSC.

For more information, please visit: www.bhmuae.ae

In line with the memorandum of understanding signed between the two parties, BHM Capital, the leading financial institution in the UAE’s capital markets, hosted ten students from the Finance and Economics Department at the College of Business Administration, University of Sharjah, at its headquarters in Dubai. The event was a training day consisting of informative lectures and workshops to familiarize the students with concepts and methods of investment in the capital markets, providing them with knowledge and skills to enhance their employment opportunities after graduation.

In March 2022, BHM Capital signed a memorandum of understanding with the University of Sharjah aiming on enhancing students’ capabilities and connecting them with the specialized jobs opportunities in the financial markets. This initiative is part of the partnership between educational institutions and private companies to support the economic and social progress in the United Arab Emirates, aligning with the university’s plans to enhance practical and vocational aspects in various fields.

Mr. Abdel Hadi Al Sa’di, the CEO of BHM Capital, stated: ”We are committed to developing students’ capabilities and preparing them for future employment in the financial markets, driven by our social responsibility and our dedication to contributing to the advancement of the UAE society. We aim to build a generation of innovators and professionals qualified in the field of investment and financial services, working together to prosper the national economy and ensure prosperity for citizens, residents, and all beneficiaries of our services, including individuals, institutions, and companies.”

Mr. Maan Al Bostami, the COO of BHM Capital, added: ”I am proud to lead this event, which is a modest gesture of gratitude to the University of Sharjah, where I had the honor to study and graduate from. Practical training is essential for students in the Finance and Economics department, and it is a top priority for BHM Capital. Our company provides regular training programs and enables students to interact with advisors and experts working within the company.”

During this day, students participated in various informative and training programs presented by experts and professionals from BHM Capital. The sessions aimed to refine students’ skills and enhance their knowledge in areas such as investment, trading, and financial markets. The topics covered included market regulations and laws, fundamentals of market analysis and research, public offerings, brokerage activities, trading management, and other modern financial concepts.

The End.

About BHM Capital Financial Services:
BHM Capital is a leading private joint stock company listed in the Dubai Financial Market (DFM) and regulated by the UAE Securities and Commodities Authority providing services to individual and corporate investors. Since its establishment, it has been one of the top-ranked firms in the country’s financial markets and a pioneer in financial technology, making it a regional leader in providing essential tools for corporate and individual clients.
BHM Capital Is a subsidiary of EIH Ethmar International Holding PJSC.
For more information, please visit: www.bhmuae.ae

BHM Capital, a leading financial institution in the United Arab Emirates capital markets, has obtained DFM’s activity to become a regulated short selling provider.

The activity allows BHM Capital to provide a regulated short selling service to investors, where they can sell securities listed on the market and not owned by them, provided that they pledge to return the lender based on the stock lending and borrowing agreement and in accordance with the provisions and regulations set by the Dubai Financial Market.

Abdel Hadi Al Sa’di, the CEO of BHM Capital stated: “BHM Capital continues to pave new paths within the financial market of the region, continually strengthening its position. With our pioneering services, we have established ourselves as the forefront runners in the industry. Acquiring the DFM activity as a regulated short selling provider serves as additional affirmation of our esteemed standing in the region”.

Al Sa’di continued, “We express our gratitude to the Dubai Financial Market for entrusting us with this activity, a testament to their confidence in our role as a prominent provider within the market. This additional activity further enriches the wide array of services we offer to our esteemed clientele”.

About BHM Capital Financial Services:

BHM Capital is a leading financial services company listed in the Dubai Financial Market (DFM) and regulated by the UAE Securities and Commodities Authority providing services to individual and corporate investors. Since its establishment, it has been one of the top-ranked firms in the country’s financial markets and a pioneer in financial technology, making it a regional leader in providing essential tools for corporate and individual clients.

BHM Capital Is a subsidiary of EIH Ethmar International Holding PJSC.

For more information, please visit: www.bhmuae.ae

BHM Capital, a leading financial institution in the United Arab Emirates capital markets, has been appointed as Liquidity Provider for Waha Capital PJSC (ADX:WAHA), an Abu Dhabi-listed investment management company.

Under the terms of the agreement, BHM Capital will ensure liquidity for Waha Capital’s shares by actively participating in the market trading system in compliance with the regulations set by the Abu Dhabi Securities Exchange (ADX) and the UAE Securities and Commodities Authority (SCA).

While announcing the news, Abdel Hadi Al Sadi, CEO of BHM Capital, expressed his gratitude to Mohamed Hussain Al Nowais, Managing Director of Waha Capital, and its board of directors, for entrusting BHM Capital with the responsibility of serving as Liquidity Provider. This appointment will not only enhance investor opportunities within the region but also facilitate the diversification of their investment portfolios.

Adding, “This is a great opportunity for BHM Capital to provide liquidity services to yet another highly regarded company such as Waha Capital. The Abu Dhabi Securities Exchange (ADX) has witnessed surging interest by investors in recent times, and we are confident in our ability to facilitate seamless trading for Waha Capital’s shares on the bourse.“

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About BHM Capital Financial Services:

BHM Capital is a leading financial services company listed in the Dubai Financial Market (DFM) and regulated by the UAE Securities and Commodities Authority providing services to individual and corporate investors. Since its establishment, it has been one of the top-ranked firms in the country s financial markets and a pioneer in financial technology, making it a regional leader in providing essential tools for corporate and individual clients.

For more information, please visit: www.bhmuae.ae

About Waha Capital:

Waha Capital is an Abu Dhabi-listed investment management company that leverages it emerging markets expertise, business networks and research capabilities to deliver superior returns to shareholders and investors in its funds. The Company has an established track record of investing in both public and private markets deploying proprietary capital alongside third-party investors.

Counting Mubadala Investment Company as an anchor shareholder, Waha Capital provides investors a world-class platform for investment and growth, delivering long-term value and market-leading returns consistently.

For further information on Waha Capital and its investment capabilities, please visit www.wahacapital.com

BHM Capital, a leading financial institution in the United Arab Emirates capital markets, has achieved a significant growth in its profits during the first nine months of 2023, recording a growth of 145% compared to the same period in 2022, reaching approximately AED 27 million, compared to AED 11 million in 2022. This reflects the success of the company’s strategies, ambitious goals, continuous commitment to diversify its revenues, develop its services and its efforts to expand its partnerships inside and outside the UAE.

The company’s total assets increased by approximately 18% by the end of the first nine months of 2023, reaching AED 889.8 million, compared to approximately AED 757.2 million in the end of the previous year. The revenue from trading commissions and consultancy fees reached 61%, totaling approximately AED 57.48 million at the end of September 2023, compared to AED 35.74 million in the same period of the previous year. Additionally, the margin financing revenue witnessed a growth rate of 81%, recording AED 29.01 million in the first nine months of the current year, compared to approximately AED 16 million in the same period of 2022.

Due to these achievements, the company’s total income at the end of the first nine months of the current year jumped by 63%, surpassing AED 96.21 million, compared to approximately AED 59.07 million in the same period of the previous year.

Abdel Hadi Al Sa’di, the CEO of BHM Capital, stated: “We are pleased with these results, which reflect the company’s strong performance this year. During the first nine months, the company managed to increase its profits by 145%, indicating a positive sign for the effective investment strategy adopted by the company. It has started witnessing the results of various developmental services implemented in the past period, as well as partnerships and acquisitions that enhanced operational growth, attracted broader segments of investors and clients, and led to growth across different departments and services.”

Al Sa’di highlighted that the company aims to actively contribute to driving the economic growth in the UAE, enabling investors to access the best opportunities in local, regional, and global financial markets. This is accomplished by employing the best technological developments and innovations, ensuring the safety and speed of applications for the benefit of customers, thus maintaining BHM Capital’s position as one of the most leading financial and investment service providers in the regional financial markets.

The End.

About BHM Capital Financial Services:

BHM Capital is a leading private joint stock company listed in the Dubai Financial Market (DFM) and regulated by the UAE Securities and Commodities Authority providing services to individual and corporate investors. Since its establishment, it has been one of the top-ranked firms in the country’s financial markets and a pioneer in financial technology, making it a regional leader in providing essential tools for corporate and individual clients.

For more information, please visit: www.bhmuae.ae

BHM Capital, a prominent player in the UAE’s financial markets, is pleased to unveil a change in its major shareholder structure.

EIH FINANCIAL SERVICES LLC -O.P.C, a subsidiary of EIH Ethmar International Holding PJSC. now assumes a substantial 66.97% ownership stake, showcasing a strong commitment to BHM Capital’s future.

Furthermore, this shift has resulted in a reduction in the ownership stake previously held by Jordan Kuwait Bank, which now holds 10% of the company.

This strategic realignment of ownership underscores a collaborative effort that positions BHM Capital for a promising future marked by growth, innovation, and enhanced value for all stakeholders.

End.

About BHM Capital Financial Services:

BHM Capital is a leading financial services company listed in the Dubai Financial Market (DFM) and regulated by the UAE Securities and Commodities Authority providing services to individual and corporate investors. Since its establishment, it has been one of the top-ranked firms in the country’s financial markets and a pioneer in financial technology, making it a regional leader in providing essential tools for corporate and individual clients.

For more information, please visit: www.bhmuae.ae

BHM Capital, one of the leading financial institutions in the UAE capital markets, announced that it had acquired 31.22% of the total new accounts on the Dubai Financial Market during the past month of August. This positions them as the top brokerage firm, with a total of 1,341 new accounts out of 4,295, enabling a larger number of investors to actively participate in public listing offerings and trade shares of listed companies.

According to monthly data from the Dubai Financial Market, BHM Capital continued to lead among brokerage firms operating in the market in terms of market share for the fourth consecutive month. Their trading value reached 3.9 billion AED in August, representing 19.3% of the total value of traded stocks in Dubai during the same month. This further solidifies their presence in the UAE’s leading financial markets and contributes to supporting trading activities and offering services that meet the expectations of investors.

“We are delighted with these new achievements, which reflect the status of the UAE’s economy and its leadership in its capital markets, overcoming many regional and global challenges. Our top ranking in the Dubai Financial Market’s brokers list confirms our commitment to providing innovative facilities and services to clients who share our passion for the growth and prosperity of UAE’s financial sector”. Stated Abdel Hadi Al Sa’di, CEO of BHM Capital.

Al Sa’di noted that the increased interest of investors in investing in the UAE Market in the recent months of 2023 is due to the announcement of the listing of government and semi-government companies and the growing reliance on digital channels to access market services. This saves a lot of time and effort and encourages more individuals and institutions to take advantage of the opportunities available in the market, especially with the innovative and advanced financial solutions offered by BHM Capital and its partners.

BHM Capital had announced the successful completion of its integration into the electronic platform and mobile application of the Dubai Financial Market earlier last month, allowing for quick and easy account opening for traders through the application. Additionally, in the last week of August 2023, they entered strategic partnership with the “Tawasal Super App”, a leader in communications and lifestyle, to provide users of the application with fast, easy, and secure access to local and international financial markets through their financial platform.

End.

About BHM Capital Financial Services:

BHM Capital is a leading financial services company listed in the Dubai Financial Market (DFM) and regulated by the UAE Securities and Commodities Authority providing services to individual and corporate investors. Since its establishment, it has been one of the top-ranked firms in the country’s financial markets and a pioneer in financial technology, making it a regional leader in providing essential tools for corporate and individual clients.

For more information, please visit: www.bhmuae.ae

BHM Capital Financial Services, a regional pioneer in the financial services sector, is thrilled to announce its strategic partnership with Tawasal SuperApp, a premier communication and lifestyle application.

This association will provide Tawasal SuperApp users with unparalleled access to both local and international financial markets via BHM Capital Financial Services platform.

Under this strategic alliance and building on Tawasal’s recent collaboration with BHM Capital, Tawasal SuperApp users can now not only receive real-time stock market updates but will also be able to execute trades through BHM Capital’s trading platform. With this newly introduced groundbreaking service, users can always stay up to date with instant and reliable information on stock market trends, engaging them to make informed investment and educated trading decisions.

Chief Financial Officer of Tawasal Information Technology LLC, Louis Couriol, stated, “At Tawasal, we believe in empowering our users with the tools to take the lead in their financial journey. Our collaboration with BHM Capital is elevating this commitment by providing the door to ultimate brokerage services. In this partnership we are crafting a financial tapestry where timely information and efficient management converge. Together with BHM, Tawasal aims to position its users as frontrunners in effortless experiences and financial innovation.”

“We believe that this strategic partnership with Tawasal SuperApp will reinforce the company’s vision and position as a leading provider of cutting-edge financial services and a powerful testament to our commitment to growth, we will continue to develop BHM’s services to keep providing its clients with fundamental advantages while making a change in the competitive environment between the companies, and paving a new path to all other financial service providers in the region”, said Abdel Hadi Al Sa’di, Chief Executive Officer, BHM Capital.

Tawasal’s user-friendly interface will seamlessly redirect users to BHM’s trading platform, where they can create an account and carry out all trading transactions. This exclusive service offered to Tawasal users will contribute to enhancing their overall experience within the app.

Tawasal SuperApp is expanding its range of services, driven by an approach focused on improving their user experience. The app offers a diverse range of services, from HD calls, messaging, Mellow AI: Tawasal’s virtual assistant, in addition to many other services.

The End.

About BHM Capital Financial Services:

BHM Capital is a leading financial institution in the UAE’s capital markets, listed in the Dubai Financial Market (DFM) and regulated by the UAE Securities and Commodities Authority providing services to individual and corporate investors. Since its establishment, it has been one of the top-ranked firms in the country’s financial markets and a pioneer in financial technology, making it a regional leader in providing essential tools for corporate and individual clients.

For more information, please visit: www.bhmuae.ae

About Tawasal Information Technology:

Tawasal Information Technology is a leading IT company dedicated to the development and innovation of technological solutions. The company emerged on the UAE market in 2022 and strives to provide a single, home-grown platform that caters to all user’s needs while delivering high-quality, reliable, and user-friendly solutions that keep pace with the evolving digital landscape. Connectivity, security, digital safety and seamless enhanced services are principles that stand at the core of the company.

Tawasal’s flagship product, the Tawasal SuperApp, launched on the UAE market in March 2022 has had a rapidly growing popularity in the region easily reaching over 2 million users.  The SuperApp which is available for download on AppleStore, Google PlayStore and Huawei AppGalery, offers a wide range of services- from communication via chats, groups, audio and video calls to lifestyle services like news, games, sports, virtual AI assistant and many more.

For more information, please visit: www.tawasal.ae  

BHM Capital, one of the leading financial institutions in the UAE capital markets, has announced its successful integration into the Dubai Financial Market (DFM) electronic platform and mobile application.

This integration gives BHM Capital the authority to enable the fast and seamless onboarding and opening of trading accounts for traders through the DFM application.

The DFM application provides investors with an innovative and comprehensive digital experience where investors can instantly obtain an Investor Number (NIN) in DFM and the ability to open trading accounts With DFM’s enhanced mobile application, investors will now enjoy access to a higher-value experience as they begin their investment journey by actively participating in public offerings and purchasing shares of publicly traded companies. The application also offers a wide range of additional services, including seamless access to DFM and Nasdaq Dubai markets and listed products.

Hamed Ali, CEO of DFM and Nasdaq Dubai, said, “We are pleased to have BHM Capital join DFM’s electronic platform as a licensed brokerage firm and integrate with our mobile application. This partnership aligns with our commitment to providing advanced financial services and facilitating investors to easily navigate and take advantage of opportunities in the capital markets.”

Abdel Hadi Al Sadi, the CEO of BHM Capital, stated: “We are proud to collaborate with DFM and join their electronic platform and mobile application. Through this partnership, we will enhance our clients’ experience in dealing with the market by providing a wide range of innovative financial solutions and facilitate their access to stock market and the growing scene of initial public offerings.”

Alaa Dwekat, the Deputy CEO of BHM Capital, said: “Our partnership with DFM is another example of our strong commitment to enhancing the financial sector and supporting the growth of trading activity in the market. We look forward to enhancing the investors’ experience and facilitating their operations in the financial market by continuing to innovate and develop our services, and working diligently to meet the expectations and needs of our esteemed clients.”

Ali Al Hashimi, the CFO and Head of Strategy of DFM, said: “The partnership with BHM Capital reflects DFM’s ongoing initiatives to create a seamless and efficient trading experience for investors and meet their evolving needs. We look forward to our investors using the platform to gain convenient access to Dubai capital markets.”

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About BHM Capital Financial Services:

BHM Capital is a leading financial institution in the UAE’s capital markets, listed in the Dubai Financial Market (DFM) and regulated by the UAE Securities and Commodities Authority providing services to individual and corporate investors. Since its establishment, it has been one of the top-ranked firms in the country’s financial markets and a pioneer in financial technology, making it a regional leader in providing essential tools for corporate and individual clients.

For more information, please visit: www.bhmuae.ae

About Dubai Financial Market:

Dubai Financial Market (DFM) was established as a public institution with its own independent corporate body. DFM operates as a secondary market for the trading of securities issued by public shareholding companies, bonds issued by the Federal Government or any of the local Governments and public institutions in the country, units of investment funds and any other financial instruments, local or foreign, which are accepted by the market. The DFM commenced operations on March 26, 2000 and became the first Islamic Shari’a-compliant exchange globally since 2007. Following its initial public offering in November 2006, when DFM offered 1.6 billion shares, representing 20 per cent of its paid-up capital of AED 8 billion, DFM became a public joint stock company, and its shares were listed on 7 March 2007 with the trading symbol (DFM). Following the IPO, the Government of Dubai retained the remaining 80 per cent of DFM

For more information, please visit: www.dfm.ae