BHM Capital Financial Services PSC

BHM Capital Financial Services PSC

Pressreleases, Reports and Disclosures for BHM Capital Financial Services PSC

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DFM News
Disclosure: Results of BOD meeting

BHM Capital Financial Services P.S.C, a private joint stock company regulated by the SCA, held a board meeting on 5th February 2024. The meeting, which achieved an 80% quorum, saw the approval of the company's consolidated financial statements for the year ending December 2023. The board recommended distributing bonus shares amounting to AED 50,000,000, which is 28.83% of the capital, and cash dividends of 7.75% of the capital, amounting to AED 13,440,907. The agenda and invitation for the Annual General Assembly Meeting for the year ended 2023 were also approved, subject to Ministry of Economy approval. Other regular matters and businesses were discussed.

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DFM News
Disclosure: BOD meeting

BHM Capital Financial Services P.S.C, a private joint stock company regulated by the Securities and Commodities Authority (SCA), is holding a board of directors meeting on Monday, 5th February 2024 at 12:00 PM. The agenda includes reviewing and approving the annual consolidated financial statements for 2023, and discussing operational matters. The company is registered under the number 604097 and is based in Dubai, UAE. The notice is issued by the Board Secretary, Ma’an Albostami.

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DFM News
Disclosure: Preliminary financial results for the year of 2023

The Private Joint Stock Company, BHM Capital Financial Services PSC, has released its preliminary results for the year ended December 31, 2023. The company was established on March 11, 2006, and has a paid up, subscribed, and authorized capital of 173,431,068. The Chairman of the Board is Alhur Mohammed Hamad AlSuwaidi and the CEO is Abdel Hadi Al Sa’di. The company's external auditor is RSM Dahman. The mailing address is P.O. Box 26730, Dubai, UAE, and the contact details include telephone 04-5247555, fax 04-5247556, and email compliance@bhmuae.ae.

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DFM News
Disclosure: Press release

BHM Capital, a prominent financial institution in UAE's capital markets, has been appointed as the Liquidity Provider for RAK Properties PJSC, a company listed on the Abu Dhabi Securities Exchange. BHM Capital will ensure liquidity for RAK Properties' shares by actively participating in the market trading system, complying with regulations set by the Abu Dhabi Securities Exchange and the UAE Securities and Commodities Authority. The appointment aims to enhance price stability, attract a wider range of investors, increase turnover, and boost the market value of RAK Properties by introducing new investments, thereby stimulating the financial markets and increasing the appeal of listed companies.

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DFM News
Disclosure: Notification from the company

The CEO of BHM Capital Financial Services PSC, Abdel Hadi Al Sa’di, has responded to an inquiry from the Dubai Financial Market about the recent surge in trading of the company's shares. Al Sa’di confirmed that there is no undisclosed operational or technical information or news about the company that could explain the increase in share trading.

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DFM News
Disclosure: Postponing General Assembly

BHM Capital Financial Services P.S.C, a private joint stock company regulated by SCA, has decided to postpone the date of the General Assembly to elect a new Board of Directors. This decision comes in response to the request of 67.85% of shareholders. The new date for the General Assembly, which will also approve the Board of Director's report on the company's financial position and activity for the fiscal year, is yet to be determined. The information was communicated by the company's CEO, Abdel Hadi Al Sadi, to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market.

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DFM News
Disclosure: Board Decisions by Passing

BHM Capital Financial Services PSC, a private joint stock company regulated by SCA, has informed the Dubai Financial Market of a board resolution passed by 67.85% of its shareholders. The resolution includes a call for the Company's General Assembly to convene on Thursday 18th January 2024 or any other date approved by the Ministry of Economy. The agenda of the General Assembly includes the election of the company's board of directors. This information was conveyed by Abdel Hadi Al Sadi, the Chief Executive Officer of BHM Capital Financial Services PSC.

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DFM News
Disclosure: Press release

Dubai Taxi has appointed BHM Capital Financial Services PJSC, a leading financial institution in the UAE, as a Liquidity Provider for its shares listed on the Dubai Financial Market (DFM). As per the agreement, BHM Capital will provide liquidity for Dubai Taxi's shares by entering two-way daily quotes into the market trading system, in compliance with the regulations set by DFM and the UAE Securities and Commodities Authority (SCA). BHM Capital, a subsidiary of EIH Ethmar International Holding PJSC, is a top-ranked firm in UAE's financial markets and a pioneer in financial technology.

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DFM News
Disclosure: Press release

BHM Capital, a major financial institution in the UAE capital markets, has secured an activity from the Dubai Financial Market (DFM) to become a regulated short selling provider. This allows BHM Capital to offer a regulated short selling service to investors, allowing them to sell securities they don't own, provided they pledge to return them based on a stock lending and borrowing agreement, according to DFM's rules and regulations. Abdel Hadi Al Sa’di, CEO of BHM Capital, expressed gratitude to DFM for the trust and highlighted this as an affirmation of their esteemed standing in the region.

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DFM News
Disclosure: Press release

Waha Capital PJSC has appointed BHM Capital, a leading financial institution in the UAE capital markets, as its Liquidity Provider. As per the agreement, BHM Capital will ensure liquidity for Waha Capital's shares by actively participating in market trading, adhering to regulations set by the Abu Dhabi Securities Exchange and the UAE Securities and Commodities Authority. BHM Capital's CEO, Abdel Hadi Al Sadi, expressed gratitude for the appointment, stating it would enhance investor opportunities and facilitate portfolio diversification. BHM Capital is a top-ranked financial services company, regulated by the UAE Securities and Commodities Authority, and is listed on the Dubai Financial Market.

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DFM News
Disclosure: Q3 Results 2023

BHM Capital, a leading financial institution in the UAE, has reported a 145% increase in profits for the first nine months of 2023, reaching AED 27 million compared to AED 11 million in the same period of 2022. This growth is attributed to the company's successful strategies, ambitious goals, and commitment to diversify its revenues and expand partnerships. The company's total assets also grew by 18%, reaching AED 889.8 million. Revenue from trading commissions and consultancy fees reached 61%, while margin financing revenue grew by 81%. The company's total income increased by 63%, surpassing AED 96.21 million. CEO Abdel Hadi Al Sa’di expressed satisfaction with the results, attributing the growth to effective investment strategies, developmental services, partnerships, and acquisitions.

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DFM News
Disclosure: Board Meeting Results

BHM Capital Financial Services P.S.C., a private joint-stock company regulated by SCA, held a board meeting on October 20, 2023. The meeting began at 10:30 AM and ended at 11:30 AM, with all five board members present, achieving 100% quorum. The board approved the Q3 Consolidated Financial Statements for 2023 and discussed operational activities. The meeting was led by Board Secretary, Ma'an Albostami.

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