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BHM Capital, a leading financial institution in the UAE, has become an External Market Maker on the Bahrain Bourse as of January 29, 2025. This move aims to enhance financial market efficiency, improve liquidity, and attract investors, while supporting greater integration among Bahraini and GCC financial markets. BHM Capital will comply with Bahrain's regulatory framework to contribute to market liquidity and transparency. CEO Abdel Hadi Al Sa’di emphasized the importance of this step in strengthening GCC market connectivity and expanding BHM Capital's regional presence.
The document is an internal management discussion and analysis report for the full year of 2024, dated January 29, 2025. It is intended for a finance platform with social features used by individuals interested in finance and investing.
The audited consolidated financial statements of Commercial Bank of Dubai PSC for the year ending December 31, 2024, are pending approval by the Central Bank of UAE and adoption by shareholders at the Annual General Meeting.
The Board of Directors of Commercial Bank of Dubai P.S.C. held a meeting on January 29, 2025. They approved the minutes from the previous meeting on December 11, 2024, and the financial statements for the year ending December 31, 2024. The annual general assembly meeting for the bank's shareholders is scheduled for March 5, 2025, at the bank's head office in Dubai, with an option to attend virtually. The invitation for the General Assembly is expected to be published on February 6, 2025, pending necessary approvals. The meeting agenda includes discussing and approving a cash dividend distribution of 50% of the net profit for 2024, amounting to AED 1,514,686,394.92, which is 50.74% of the bank's paid-up capital as of December 31, 2024.
Al Salam Bank has partnered with Mazad Bahrain to introduce innovative financing solutions for purchasing properties through public auctions in Bahrain. This initiative targets individuals, SMEs, and corporate entities, making Al Salam Bank the first in the Kingdom to offer such services. The partnership aims to enhance property ownership processes, improve service efficiency, and support the commercial sector sustainably. Both organizations express their commitment to simplifying auction procedures and fostering Bahrain's investment environment. This collaboration aligns with the Kingdom's vision to boost public-private sector cooperation and improve the real estate market.