Initiative to sustain competitive Lead
BHM Capital appointed liquidity provider for Aram Group on ADX
October 25, 2021
Source: NewsnReleases Website
DUBAI, UAE: BHM Capital Financial Services PSC one of the leading companies in the UAE financial markets, has been appointed as a Liquidity Provider for Aram Group Company, PJSC (formerly Sharjah Group Company P.S.C).
According to the agreement, BHM Capital will provide liquidity for Aram Group’s securities listed on the Abu Dhabi Securities Exchange “ADX” as the regulated market by entering two-way daily quotes into the Market trading system, and the liquidity provider will not hold more than 5% of the company’s share capital, according to a bourse filing on Monday.
While announcing the agreement, Abdel Hadi Al Sadi, CEO of BHM Capital, thanked the management of Aram Group Company for their confidence in BHM Capital’s ability to be the group’s provider of liquidity, giving investors in the region a greater ability to diversify their investment portfolios.
Adding, “This is a great opportunity to provide liquidity services to yet another highly regarded company, Aram Group. The Abu Dhabi Securities Exchange has witnessed surging interest by investors in the recent past and we are quite confident that we will ease the trading in the Aram Group shares on the bourse.”
Ziyad Mahmood Khairallah Al Haji, Board Chairman, Aram Group expressed satisfaction in the partnership, praising the past record of the Group’s new partners in providing liquidity.
“We are quite confidence in the capacity of our new partners BHM Capital and the value they will bring to the table in the trading of Aram Group shares on the Abu Dhabi Securities Exchange. As you know, Aram Group recently rebranded from Sharjah Group and we trust that the new name, new board and new energy will propel its business forward for the benefit of all shareholders.”
Aram Business Group has in the past traded as Sharjah Group Company. The company’s AGM recently voted to add investment in agricultural projects, industrial project investment and management to its activities.