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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.
GFH Financial Group BSC, an Islamic wholesale bank established in 1999, operates in accordance with Islamic Sharia principles. In 2004, it became a public shareholding company and is now listed on four major stock exchanges. The Group manages over $21 billion in assets and has been recognized as one of the Middle East's Top 30 Biggest Asset Managers by Forbes in 2021 and 2022. In 2022, GFH created Infracorp, which issued a $900 million green sukuk on the London Stock Exchange. In 2023, GFH partnered with the FII and the World Economic Forum and expanded its portfolio to include logistics and healthcare assets in the GCC. The Group's corporate governance framework adheres to guidelines issued by the Ministry of Industry and Commerce and the Central Bank of Bahrain. The Board of Directors is accountable for the bank's financial performance and value to shareholders.
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.
Salik, Dubai's exclusive toll gate operator, reported record full-year revenues of AED 2.1bn ($572m) in 2023, an increase of 11.4% from 2022. The company's revenue-generating trips reached 461.4 million in 2023, and totalled 123.2 million in the fourth quarter, up 11.7% and 11.1% year-on-year respectively. Active registered accounts and vehicles increased by 16.0% and 8.3% to reach 2.4 million and 4.0 million respectively. The company's net profit for FY 2023 was AED 1.1bn ($299m), with a proposed dividend of AED 550m ($150m). Salik also announced a new corporate strategy to become a global leader in sustainable and smart mobility solutions over the next five years.