UAE-based BHM Capital and Riyad Capital announced a strategic partnership for undertaking joint market making initiatives in the Gulf Cooperation Council (GCC) region.
The two entities will aim to leverage their respective expertise to enhance liquidity and further strengthen the financial markets in the region.
Riyad Capital is one of the very few approved ‘market makers’ going live by Tadawul in the Saudi market.
BHM Capital’s landmark partnership
“As key players in the financial services industry, BHM Capital and Riyad Capital recognise the immense potential for mutual growth and development through this partnership,” the UAE company said.
By joining forces, the two entities seek to optimise trading operations, provide a more diverse range of financial instruments, and foster a more efficient capital market ecosystem.
The collaboration is set to create a more stable and transparent trading environment, attracting domestic and international investors alike, driving further investment into the region.
“We are proud to forge this landmark partnership with Riyad Capital,” said Abdel Hadi Al Sadi, CEO of BHM Capital.
“This alliance reflects our commitment to enhancing the financial landscape in the GCC region by providing innovative market-making solutions,” he added.
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