Latest Threads
Check out what has been happening in the community
BHM Capital, a financial and investment services firm in the UAE, reported a 23% increase in net profit for the first quarter of 2025, reaching AED 11 million compared to AED 9 million in the same period of 2024. The company has strengthened its position as the largest market maker and liquidity provider in the UAE, with significant growth in its client base, adding 8,133 new accounts in Q1, which represents 41.37% of all new accounts in the market. To support its expansion strategy, BHM Capital plans to raise AED 200 million to finance future initiatives and enhance its presence in local, regional, and global markets. The leadership of BHM Capital highlighted the firm's strategic vision for growth and sustainability, emphasizing the company's agility and expertise in navigating market challenges and preparing for geographic expansion, including into markets like Bahrain, Oman, and Egypt.
On Thursday, May 15, 2025, BHM Capital Financial Services P.S.C. released the results of a board of directors meeting held on Wednesday, May 14, 2025. The meeting took place from 3:30 PM to 4:30 PM, with all seven board members present, achieving a 100% quorum. During the meeting, the board approved the Q1 financial statements for 2025 and discussed other routine operational matters. The information was communicated by Abdel Hadi Al Sadi, the Chief Executive Officer of BHM Capital Financial Services P.S.C.
The Board of Directors of Gulf Navigation Holding PJSC held a meeting on 14 May 2025. During this meeting, they approved the interim financial statements for the three-month period ending 31 March 2025. Additionally, they agreed to call for a general assembly meeting, pending approval from the Securities and Commodities Authority. The general assembly will consider two main issues: a proposal to amend the company’s Articles of Association to increase foreign ownership of the company's shares, and amendments to the structure of an acquisition transaction to allow the transfer of bonds and shares from Borouge Energy Limited to third parties, including its ultimate beneficial owners.