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BHM Capital, a prominent financial institution in the UAE, reported strong financial performance for 2024, marked by an 18.95% rise in total revenue to AED 162.63 million and an 18.84% increase in net profit to AED 37.48 million. This growth was driven by expanded financial services and increased trading activity. The company also saw a 7% rise in trading volume to AED 33.03 billion and a 16.35% increase in shareholders' equity to AED 263.44 million. Notably, new client acquisitions surged by 379.61%, with 33,563 new accounts, and the active client base grew by 39.99% to 26,472. CEO Abdel Hadi Al Sa’di attributed the success to the company's commitment to innovation and digital transformation, enhancing its competitive edge and solidifying its market position.
Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, has its main office located at The H Hotel, Office Tower, 15th Floor, Office No. 1502, Dubai, UAE. The company has announced that its Board of Directors will make decisions by circulation regarding regular business matters on Friday, March 28, 2025. This information was communicated in a letter addressed to Mr. Hamid Ahmed Ali, the CEO of Dubai Financial Market. The letter was signed by Islam Mahrous, the Chief Compliance Officer.
SHUAA Capital has reached a settlement agreement with a major creditor, marking a significant step in its capital optimization strategy aimed at strengthening its financial base and ensuring sustainable growth. This agreement will positively affect SHUAA's profit and loss statement and balance sheet, resulting in a non-cash profit of AED 36.9 million. SHUAA Capital, established in 1979, is a leading asset management and investment banking platform known for its innovative and global product offerings in public and private markets, debt, and real estate. The company provides a range of asset management and investment banking services and is regulated by the Securities and Commodities Authority.