PRESS RELEASE : BY BHMCAPITAL ON NOV 07, 2023
BHM Capital Secures DFM Approval as Regulated Short Selling Provider
United Arab Emirates, Dubai, November 7th, 2023 – BHM Capital, a leading financial institution in the UAE capital markets, has recently received approval from the Dubai Financial Market (DFM) to operate as a regulated short selling provider.
This regulatory green light enables BHM Capital to offer a regulated short selling service to investors, allowing them to sell securities listed on the market even if they do not own them. However, investors must pledge to return the borrowed securities based on the stock lending and borrowing agreement and comply with the regulations stipulated by the Dubai Financial Market.
Abdel Hadi Al Sa’di, Chief Executive Officer of BHM Capital, expressed his enthusiasm about this milestone, stating, “BHM Capital remains committed to breaking new ground in the region’s financial market, consistently reinforcing our position as a leader. Our innovative services have cemented our reputation as frontrunners in the industry. Securing DFM approval as a regulated short selling provider further validates our esteemed position in the region.”
Al Sa’di further added, “We extend our gratitude to the Dubai Financial Market for entrusting us with this responsibility, which reflects their confidence in our role as a key player in the market. This additional activity enhances the diverse range of services we offer to our valued clients.”
About BHM Capital Financial Services:
BHM Capital is a prominent financial services company listed on the Dubai Financial Market (DFM) and regulated by the UAE Securities and Commodities Authority. It caters to both individual and corporate investors, consistently ranking among the top firms in the country’s financial markets. Recognized as a pioneer in financial technology, BHM Capital is a regional leader in providing essential tools for corporate and individual clients.
BHM Capital is a subsidiary of EIH Ethmar International Holding PJSC.
For more information, please visit: www.bhmuae.ae
