Thanks to the services provided by liquidity, companies manage to expand and develop their business, utilizing the perspective opportunities and conveniences available in the UAE, ultimately benefiting the company, investors, and the entire community. With each new company entering the list of recipients of liquidity services, BHM Capital strengthens its position in local capital markets and supports its broader goals of increasing market effectiveness and investors' confidence, positively impacting the growth and performance of these companies' stocks in the dynamic financial markets of the UAE.
The IPO has been oversubscribed more than 25 times across all packages (excluding major investors), with the total order volume amounting to 135 billion dirhams (approximately 37 billion US dollars), reflecting the brand strength and investors' confidence in its results. Abdel Hadi Al-Saadadi, the General Director of BHM Capital, stated: "There is a growing demand for liquidity services on the part of companies listed on the local capital markets of the UAE, as this service helps maintain the liquidity of stocks and provides additional value to investors in accordance with the rules and procedures established by the regulatory bodies of the UAE market and the management of securities and commodity exchanges."
Al-Saadadi reaffirmed the unwavering commitment of BHM Capital to strengthen the resilience and sustainability of the financial sector in the UAE, enabling companies listed on the Abu Dhabi Securities Exchange and Dubai Financial Market to stabilize price movements of their traded shares. Highlighting his commitment to increasing efficiency and attractiveness of the local capital markets, BHM Capital, a leading financial institution in the capital markets of the United Arab Emirates, announced its appointment as the liquidity provider for Lulu Retail Holding shares, one of the leading brands in the UAE and the region, listed on the Abu Dhabi Securities Exchange. In October of last year, Lulu Retail Holding conducted an IPO, releasing 25% of its shares, totaling 2,582.2 million shares, which was later increased to 3,098.7 million, making up 30%.
