A liquidity provider helps enhance the tradability of shares by providing greater price stability and ensuring adequate trading volumes at any given price level.
Lulu Retail shares were listed on ADX on Thursday following its blockbuster IPO that was launched last month. The largest pan-GCC full-line retailer by selling space, sales and number of stores released 25 per cent of its shares, (2,582.2 million), which was later increased to 3,098.7 million, or 30 per cent. The IPO was oversubscribed more than 25 times, with total orders reaching AED 135 billion ($36.8 billion).
Abdel Hadi Al Sa’di, CEO of BHM Capital, commented: “There is an increasing demand for liquidity providing services from companies listed in UAE’s local capital markets, as this helps maintain liquidity for the stock and provides added value to investors in compliance with regulations and procedures stipulated by UAE market authorities and the Securities and Commodities Authority (SCA).”
BHM Capital is a leading private joint stock company listed in the Dubai Financial Market (DFM) and ADX. It is regulated by the UAE SCA and provides services to individual and corporate investors. One of the top-ranked firms in the country’s financial markets and a pioneer in financial technology, BHM Capital has emerged as a regional leader in providing essential tools for clients.
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