RAK Properties PJSC appoints BHM Capital as liquidity supplier

Ras Al Khaimah: RAK Properties PJSC, (ADX: RAKPROP), Ras Al Khaimah’s pioneering publicly listed property developer, has appointed BHM Capital, a number one monetary establishment as Liquidity Supplier for the shares of the Firm. This transfer is geared toward enhancing buying and selling liquidity, growing transactional effectivity for the developer’s shares on the Abu Dhabi Securities Change (ADX).

Sameh Muhtadi, CEO of RAK Properties, commented “The appointment of BHM Capital as our new liquidity supplier underscores our dedication to supply a dependable basis for our buyers, fostering an setting of confidence and assurance throughout the market, whereas paving the best way for long run development alternatives. This partnership will facilitate entry for regional and worldwide buyers to simply take part and interact with our inventory, diversifying our investor base whereas solidifying our market presence. We have now been impressed by the dedication and experience demonstrated and look ahead to a long-term collaboration to additional evolve and advance capital market practices.”

Beneath the phrases of the settlement, BHM Capital will guarantee liquidity for RAK Properties’ shares by actively taking part available in the market buying and selling system in compliance with the laws set by the ADX and the UAE Securities and Commodities Authority (SCA).

Abdel Hadi Al Sa’di, the CEO of BHM Capital, acknowledged: “By way of our appointment because the liquidity supplier on RAK Properties’ shares, we purpose to reinforce value stability, attracting a broader vary of buyers to commerce in firm’s shares, and growing its turnover. This in flip, is predicted to reinforce its market worth by injecting new investments, and contributes in stimulating the monetary markets and growing the attraction of listed corporations.”

Al Sa’adi expressed his appreciation for the belief of His Excellency Abdulaziz Abdullah Al Zaabi, the Chairman of RAK Properties, Sameh Al Muhtadi, the CEO of RAK Properties, and the members of the board for selecting BHM Capital as their liquidity supplier. He believes that this selection will result in higher efficiency for the corporate’s inventory on the Abu Dhabi Securities Change within the upcoming interval.

BHM Capital is a number one personal joint inventory firm listed within the Dubai Monetary Market (DFM) and controlled by the UAE Securities and Commodities Authority offering companies to particular person and company buyers. Their involvement is predicted to strengthen RAK Properties presence on the ADX and foster investor confidence by facilitating environment friendly and clear buying and selling mechanisms.

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About RAK Properties

Based in 2005 underneath the visionary management of His Highness Sheikh Saud Bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, RAK Properties is a number one actual property developer dedicated to producing distinctive and sustainable locations. Specializing in up to date and meticulously crafted communities, RAK Properties integrates excellence, innovation, and nature to create enriching existence in alignment with the aspirations of tomorrow’s folks.

Its imaginative and prescient for the longer term, the success and excellence of its developments have been acknowledged as RAK Properties was awarded ‘Developer of the Yr’ 2023 by Building Week Center East. On the annual Design Center East Awards 2023, Bayviews Residences received the ‘Greatest Residential Challenge’ the place the residential improvement was acknowledged because the area’s finest design and structure.

RAK Properties performs a pivotal position in reaching RAK Imaginative and prescient 2030, specializing in delivering financial, social, and environmental worth, all geared toward enhancing lives and locations, and contributing to the affluent narrative of Ras Al Khaimah.

About BHM Capital Monetary Companies:

BHM Capital is a number one personal joint inventory firm listed within the Dubai Monetary Market (DFM) and controlled by the UAE Securities and Commodities Authority offering companies to particular person and company buyers. Since its institution, it has been one of many top-ranked corporations within the nation’s monetary markets and a pioneer in monetary expertise, making it a regional chief in offering important instruments for company and particular person shoppers.

BHM Capital Is a subsidiary of EIH Ethmar Worldwide Holding PJSC.

For extra data, please go to: www.bhmuae.ae

For any media queries, please contact:

Haleima Al Dhanhani
RAK Properties
haleima@rakproperties.ae 

Camille Renaudin
Hanover Communications
crenaudin@hanovercomms.com