United Arab Emirates
Dubai, January 29, 2024:
BHM Capital, a leading financial institution in the capital markets of the United Arab Emirates, listed on the Dubai Financial Market, has announced an increase in its net profits for the period ending on December 31, 2023, by 101%, reaching AED 31.54 million compared to AED 15.68 million recorded in 2022.
These results were driven by the strong performance of the company, achieving a 60 % increase in total revenues, reaching AED 136.73 million in 2023, compared to AED 85.33 million in 2022.
The company’s total assets also rose by 61%, reaching AED 1.22 billion in 2023, compared to total assets of AED 757.18 million in 2022. The total shareholders’ equity amounted to AED 226.42 million in 2023, showing a 17% growth compared to AED 193.2 million in 2022.
Al Hurr Mohammad Al Suwaidi, the Chairman of BHM Capital, stated: “The company has succeeded in maintaining its position as one of the best financial institutions locally and regionally, providing an integrated package of financial and investment services in local, regional, and global markets.”
Al Suwaidi added: ”We have promising plans that we intend to execute to fully leverage the potential of our strategy and to sustain the ongoing expansion of our net profits”.
Abdel Hadi Al Sa’di, the CEO of BHM Capita, stated: “This significant increase in net profits mirrors the company’s solid strategy and continuous efforts to diversify revenue sources, establishing its position as a leading provider of advanced financial services and solutions to clients.”
Al Sa’di added, “These results reflects strong performance across all our services and significant growth opportunities, along with the company’s commitment to providing the best working environment and implementing an effective investment strategy. Our services also align with global practices and standards, ensuring high quality and reliability.”
About BHM Capital Financial Services:
BHM Capital is a leading private joint stock company listed in the Dubai Financial Market (DFM) and regulated by the UAE Securities and Commodities Authority providing services to individual and corporate investors. Since its establishment, it has been one of the top-ranked firms in the country’s financial markets and a pioneer in financial technology, making it 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