BHM Capital doubles paid-up capital in oversubscribed rights issue: DFM-listed brokerage BHM Capital Financial Services doubled up its paid-up capital to AED 400 mn through an oversubscribed rights issue, according to a bourse disclosure (pdf). The new shares will be allocated this Thursday, 25 September, with trading set to begin the following day.

REFRESHER- The raise, priced at AED 1.0 per share, was launched earlier in July to fund BHM’s regional expansion, scale up its market-making and liquidity operations, and invest in AI-driven upgrades. Management has forecast a 25-30% annual ROI over the next three years, underlining its ambitions to deepen operations in the UAE while breaking into new markets including Egypt, Armenia, Kazakhstan, Iraq, and Jordan, alongside recent expansions in Bahrain and Oman.

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