BHM Capital Appointed as Liquidity Provider for Spinneys' Shares on DFM

BHM Capital Financial Services, a leading financial institution in the UAE, has been appointed as the liquidity provider for Spinneys' shares listed on the Dubai Financial Market (DFM). This significant move aims to stabilize the price movements of Spinneys' shares and enhance investor confidence.

BHM Capital Appointed as Liquidity Provider for Spinneys' Shares on DFM

Summary

BHM Capital has been appointed as the liquidity provider for Spinneys' shares on the Dubai Financial Market. This move is expected to stabilize share prices and provide a seamless trading experience for investors. The initiative follows BHM Capital's successful role in price stabilization during Spinneys' initial listing.

BHM Capital Financial Services, a prominent financial institution in the United Arab Emirates, continues to strengthen its position in the capital markets. On June 10, 2024, the company announced its appointment as the liquidity provider for Spinneys' shares listed on the Dubai Financial Market (DFM).

This strategic move involves BHM Capital entering two-way daily quotes into the market trading system, in strict compliance with regulations set by the DFM and the UAE Securities and Commodities Authority (SCA). By providing liquidity, BHM Capital aims to stabilize the price movements of Spinneys' shares, offering investors a more predictable and secure trading environment.

Abdel Hadi Al Sa’di, CEO of BHM Capital, emphasized the significance of this initiative: 'This initiative will enhance the company's position in the Dubai Financial Market, stabilize the price movements of its traded shares, and allow investors to diversify their portfolios, capitalizing on market opportunities. Additionally, we are dedicated to facilitating the trading of Spinneys’ shares, ensuring a seamless experience for both individual and institutional investors.'

Spinneys, a premium retail chain, recently listed its shares on the DFM on May 9th, 2024. BHM Capital played a crucial role in providing the price stabilization mechanism during the initial listing phase, making Spinneys the first company to benefit from this service. This successful collaboration has paved the way for the current appointment, further solidifying BHM Capital's reputation as a reliable and innovative financial services provider.

BHM Capital's appointment as the liquidity provider for Spinneys' shares marks another milestone in its journey of growth and excellence. The company's commitment to integrity, innovation, and client care has positioned it as a leader in the financial markets of the UAE and beyond. With access to capital markets in the UAE, KSA, USA, UK, and other regional and international markets, BHM Capital offers a wide range of financial services and investment instruments, including prime brokerage, investment management, market making, liquidity providing, corporate advisory, and research.

Given the company's strong track record and strategic initiatives, investors should consider the potential benefits of holding BHM Capital's stock. The company's ongoing efforts to enhance market stability and investor confidence are likely to yield positive outcomes in the long run.

Source

Press release

Summary

BHM Capital has been appointed as the liquidity provider for Spinneys' shares on the Dubai Financial Market (DFM). This appointment involves BHM Capital entering two-way daily quotes into the market trading system in compliance with DFM and UAE Securities and Commodities Authority regulations. Abdel Hadi Al Sa’di, CEO of BHM Capital, mentioned that this initiative aims to enhance the company's position in the market, stabilize share prices, and facilitate trading for investors. He also noted that BHM Capital previously provided price stabilization for Spinneys' shares when they were newly listed on May 9, 2024. BHM Capital is a leading financial institution in the UAE, offering services to individual and corporate investors and is known for its role in financial technology. For more information, visit www.bhmuae.ae.

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