BHM Capital was appointed as a liquidity provider for Dubai Taxi shares on the Dubai Financial Market

BHM Capital, one of the leading companies in the financial markets of the United Arab Emirates, announced that it has been appointed as a liquidity provider for the shares of “Dubai Taxi”, the leading company in providing comprehensive transportation solutions in Dubai, listed on the Dubai Financial Market.

This came in accordance with an agreement signed between the two sides, following the successful IPO of the Dubai Taxi Company, owned by the Department of Finance of the Government of Dubai, which was considered the largest application for an initial public offering on the Dubai Financial Market ever, as subscription applications exceeded 150 billion UAE dirhams in total for all… The tranches combined, noting that the company’s initial public offering was limited to the equivalent of 24.99% of its capital, amounting to 624 million and 750 thousand shares.

Under the agreement, BHM Capital will provide liquidity for the securities of the Dubai Taxi Company on the Dubai Financial Market, by entering daily prices into the market trading system, which contributes to maintaining liquidity on the stock and providing added value to investors in proportion to the agreement. With the controls and procedures stipulated in this regard and issued by the Dubai Financial Market and the Securities and Commodities Authority in the United Arab Emirates.

Abdul Hadi Al Saadi, CEO of BHM Capital, said: “We are pleased that Dubai Taxi Company has joined the list of leading local companies that benefit from our services in the field of providing liquidity. This step will contribute to strengthening the company’s position in the Dubai Financial Market and maintaining the stability of price movements.” of its traded shares, and at the same time allows investors to diversify their investment portfolios and benefit from the opportunities inherent in the financial markets.”

Al-Saadi expressed his thanks to the Dubai Taxi leadership team for its confidence in BHM Capital, which has long experience in the financial markets and has extensive cooperation and partnerships with many government and private agencies and major companies in the region and the world, adding that the company will work To facilitate trading in Dubai Taxi shares listed on the Dubai Financial Market, whether for individual or institutional investors.

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About BHM Capital Financial Services:

“BHM Capital” is a private joint stock company listed on the Dubai Financial Market and regulated by the Securities and Commodities Authority in the United Arab Emirates. It is a leading financial services company for individual and corporate investors since 2006, and provides an integrated package in financial and investment services in the financial markets, Local, regional and global.

“BHM Capital” is one of the companies affiliated with the Ithmaar International Holding Group of Companies.

For more information, please visit the company’s website: www.bhmuae.ae