This move is aimed at enhancing trading liquidity and boosting transactional efficiency for the developer’s shares on the Abu Dhabi Securities Exchange (ADX). 

 

Under the terms of the agreement, BHM Capital will ensure liquidity for RAK Properties’ shares by actively participating in the market trading system in compliance with the regulations set by the ADX and the UAE Securities and Commodities Authority (SCA). 

 

On the key appointment, CEO Sameh Muhtadi said: "This underscores our commitment to offer a reliable foundation for our investors, fostering an environment of confidence and assurance within the market, while paving the way for long-term growth opportunities."

 

"This partnership will facilitate access for regional and international investors to easily participate and engage with our stock, diversifying our investor base while solidifying our market presence. We have been impressed by the commitment and expertise demonstrated and look forward to a long-term collaboration to further evolve and advance capital market practices," he stated.

 

A leading private joint stock company listed in the Dubai Financial Market, BHM's involvement is expected to strengthen RAK Properties presence on the ADX and foster investor confidence by facilitating efficient and transparent trading mechanisms.

 

"Through our appointment as the liquidity provider on RAK Properties’ shares, we aim to enhance price stability, attracting a broader range of investors to trade in company's shares, and increasing its turnover," noted its CEO Abdel Hadi Al Sa’di. 

 

"This in turn, is expected to enhance its market value by injecting new investments, and contributes in stimulating the financial markets and increasing the appeal of listed companies," stated Al Sa'adi.

 

It will lead to better performance for the company's stock on the Abu Dhabi Securities Exchange in the upcoming period, he added.-TradeArabia News Service