Phoenix Group Selects BHM Capital as Liquidity Provider: An In-Depth Look

Phoenix Group's recent selection of BHM Capital as its liquidity provider sparks renewed interest in the UAE-based financial services company.

Phoenix Group Selects BHM Capital as Liquidity Provider: An In-Depth Look

Summary

BHM Capital Financial Services PSC, a leading firm in UAE's financial market, has been selected as the liquidity provider for Phoenix Group's shares listed on the Abu Dhabi Securities Exchange (ADX). This development is expected to facilitate trading for individual and institutional investors.

BHM Capital Financial Services PSC, a stalwart in the UAE financial sector, has recently been chosen by the Phoenix Group as the liquidity provider for its shares listed on the Abu Dhabi Securities Exchange (ADX). This move is set to provide liquidity by entering two-way daily quotes into the market trading system, complying with ADX and UAE Securities and Commodities Authority regulations.

Since its establishment in 2006, BHM Capital has consistently ranked amongst the top firms in the UAE financial market. Known for its commitment to integrity, innovation, and customer care, the company offers clients access to capital markets in the UAE, KSA, USA, UK, and other international markets. Its wide range of services includes prime brokerage, investment management, market-making, liquidity provision, corporate advisory, and research.

The new partnership with Phoenix Group is set to further enhance BHM Capital's reputation in the region. BHM Capital's CEO, Abdel Hadi Al Sa’di, expressed his gratitude to Phoenix Group and emphasized the company's commitment to facilitating trading for both individual and institutional investors.

Given the recent developments, it's suggested that potential investors maintain a neutral stance. While BHM Capital's market cap of 546,307,864 and a 3-month yield of 0.52% are promising, a slight dip in the 1-month yield at -0.03% calls for caution. The company's consistent performance and recent partnership with Phoenix Group are positive indicators, but it's advisable to closely monitor the market trends before making a decision.

Source

Press release

Summary

Phoenix Group has selected BHM Capital as the liquidity provider for its shares listed on the Abu Dhabi Securities Exchange (ADX). BHM Capital will provide liquidity by entering two-way daily quotes into the market trading system, in line with ADX and UAE Securities and Commodities Authority regulations. BHM Capital's CEO, Abdel Hadi Al Sa’di, expressed his gratitude to Phoenix Group and emphasized the company's commitment to facilitating trading for both individual and institutional investors.

Related articles