Press releases, Reports & Disclosures for BHM Capital Financial Services PSC

BHM Capital Financial Services P.S.C., a private joint stock company regulated by SCA, held a meeting on 11th March 2024. The meeting, chaired by Mr. Alhur Mohammed Al Suwaidi, took place online and lasted from 11:00 AM to 12:00 PM. The quorum of total attendance was 69.075%, distributed as 1.23% personal attendance, 67.85% proxy, and 69.075% electronic voting. The assembly approved the Board of Directors' report, the Auditor's report, and the Consolidated Financial Statements, all for the financial year ended 31/12/2023.

BHM Capital, a prominent financial institution in the UAE, recently concluded its participation in Al Ain University's Career Development and Training Fair. This participation was part of a memorandum of understanding signed between the two entities in October 2021, which included the creation of a virtual trading room at the university to train students on investment operations and stock market. The CEO of BHM Capital, Abdel Hadi Al Sa’di, expressed his delight at the enthusiasm shown by students towards the financial sector. The BHM Capital platform at the exhibition attracted a significant number of students and graduates interested in learning about the company's work and gaining practical experience in investment and trading procedures.

BHM Capital, a leading financial institution in the UAE, has secured the largest share of new investor accounts on the Dubai Financial Market at the start of 2024. The company acquired 29% of all new accounts in January and February, surpassing all other brokerage firms in the market. This led to increased trading activity and attracted more investors. BHM Capital also maintained its position in terms of trading volume and value in both the Dubai Financial Market and the Abu Dhabi Securities Exchange. The CEO of BHM Capital attributes these results to the company's adoption of the latest technologies and its ability to meet investor expectations.

BHM Capital Financial Services PSC has postponed its General Assembly Meeting due to the failure to meet the quorum. This was mainly because of the incomplete necessary legal documents of the main investor's representative for registration and attendance. The second General Assembly Meeting has been rescheduled for March 11, 2024, at the same time and location as previously planned.

The Board of Directors of "BHM Capital Financial Services P.S.C" has invited its shareholders to attend the General Assembly Meeting. The meeting will be held remotely on Monday 04 March 2024 at 11:00 AM. If quorum is not met, the meeting will be rescheduled to 11 March 2024 at the same time. The agenda includes authorizing the Chairman of the General Assembly to appoint the rapporteur and the vote collector.

BHM Capital, a leading financial institution in the UAE, has been honored with three awards at the Recognition Awards Ceremony at the Abu Dhabi Securities Exchange. The awards were given in recognition of the company's efforts in enhancing the growth and development of the capital market and financial sector in Abu Dhabi. The Deputy Chairman of BHM Capital, Saeed Musallam Al Mazrouei, received the awards for Liquidity Providing, Diversified Financial Services, and the largest number of markets registered on the Tabadul Hub. The company's CEO, Abdel Hadi Al Sa’di, expressed his pleasure at the honor and reiterated BHM Capital's commitment to driving the economy of Abu Dhabi and the UAE.

BHM Capital, a leading financial institution in the UAE, has reported a 29% increase in its total trading value, reaching AED 73.6 billion in 2023 compared to AED 56.9 billion in 2022. The company also saw a 61% growth in its client base, adding 11,100 new accounts in 2023. This growth was supported by the development of a smart on-boarding system integrated with the Dubai Financial Market's applications. BHM Capital's total revenues and net profits also increased by 60% and 101% respectively. The company saw significant increases in listing advisory service, company's general services, and margin trading. Total assets rose by 61% to AED 1.22 billion in 2023, and shareholders' equity grew by 17% to AED 226.42 million.

BHM Capital, a leading financial institution in the UAE capital markets, is nearing the final stage of signing an Investment Management Agreement with Ethmar International Holding (EIH) to manage the group's local equity portfolio. BHM Capital, a private joint stock company listed on the Dubai Financial Market (DFM), is regulated by the UAE Securities and Commodities Authority and has been providing investment management services since 2020. The company is a subsidiary of EIH Ethmar International Holding PJSC.

BHM Capital Financial Services PJSC, a joint-stock company regulated by the SCA, has temporarily suspended its shares from trading on the Dubai Financial Market. This action is in compliance with transparency and disclosure principles and will remain in effect until the company's audited financial statements for the fiscal year ending December 31, 2023, are disclosed. The company has assured that the financial statements will be published on February 7, 2024, as previously arranged with the auditor and as stated in the Board of Directors meeting held on February 5, 2024.