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BHM Capital, a leading financial institution in the UAE, has been selected as a liquidity provider for ICE MSCI Equity Index Futures on ICE Futures Abu Dhabi. This move is intended to enhance market liquidity and expand investment opportunities by enabling investors to diversify their portfolios through trading listed futures contracts. BHM Capital will provide liquidity for various ICE Micro MSCI Index Futures, aiming to expand the equity futures market and benefit investors. ICE, which handles over 80% of MSCI Futures trading by volume, offers tools for managing equity risk efficiently. This initiative is expected to connect local and global investors, offering enhanced trading and risk management opportunities in the Gulf region's equity markets. BHM Capital's CEO, Abdel Hadi Al Sa’di, emphasized that this step aligns with their commitment to fostering a liquid, secure, and stable trading environment, building investor confidence and empowering them to leverage financial instruments for greater market opportunities.
GFH Financial Group announced the purchase of 6,420,000 treasury shares, increasing its total treasury shares from 280,315,723 (7.31% of total issued shares) to 286,735,723 (7.48% of total issued shares) as of March 5, 2025. The board of directors made the purchase decision on March 24, 2024, and the authority approved it on February 16, 2025. The average purchase price was 0.3150 USD per share, and the purchased shares represent 0.168% of the issued capital. There are 96,523,660 shares remaining for purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.