BHM Capital Doubles Share Capital to Fuel Tech-Driven Expansion in UAE

BHM Capital Financial Services has wrapped up a sizeable rights issue that effectively doubles its share capital to AED 400 million. The move, confirmed this week in Dubai, came after shareholders rushed to grab more than what was on the table — subscription requests actually outstripped the number of new shares on offer. Not a bad situation for a financial house eyeing its next phase of growth.

The plan itself had been signed off earlier in the year at a General Assembly in April. Back then, the decision was clear: issue 200 million new shares at a nominal AED 1 apiece, lifting the company’s capital from AED 200 million to AED 400 million. The extra funding, according to the firm, is meant to fuel bigger strategic bets including digital transformation, investments into artificial intelligence, and expansions into regional markets where competition is heating up.

H.E. Sheikh Dr. Ammar Nasser Almualla, who chairs the company, said the oversubscription showed the depth of shareholder confidence. He described the move as a milestone that reinforces BHM Capital’s financial footing and underpins long-term sustainable growth. Echoing that point, CEO Abdel Hadi Al Sa’di remarked that the strong demand backed up their ambitious plans, suggesting it places them on firmer ground to chase technology investment and regional opportunities.

Here’s the interesting bit: oversubscription doesn’t just mean investors had cash to spare, it often hints at strong faith in management’s roadmap. I reckon that’s spot on here — investors appear to be buying not just shares but the wider vision of turning BHM Capital into a more tech-enabled financial services powerhouse. That said, scaling in multiple markets is always a bit of a faff, especially when you’re spreading resources thinly across digital upgrades and regional footprints.

Reflecting on all this, I remember a chat I once had with a founder in Abu Dhabi who raised half the amount she originally wanted. She told me it was “a blessing in disguise” because it forced her to stay lean. On the flip side, BHM’s story is the opposite: when there’s more appetite than supply, the challenge isn’t frugality, it’s making sure expansion doesn’t spiral into overreach. And believe it or not, that’s sometimes harder to manage.

For now, the firm seems chuffed to bits with where it stands — a doubled war chest, heightened liquidity, and a shareholder base that’s bought into its future. In the UAE’s competitive capital markets, that’s a decent platform to build from, even if the coming years will require deft execution. And while the official narrative points to sustainable value delivery over the next three years, we’ll be watching closely at Arageek to see if the company can turn this financial boost into tangible innovation.

It’s definately a story worth following, not least because it shows how regional institutions are moving beyond just managing assets — they’re aiming to shape the very future of finance in the Gulf. For entrepreneurs keeping an eye on how capital markets evolve, that’s more than just financial news; it’s a signal of how the ecosystem might shift in the years ahead.

🚀 Got exciting news to share?

If you're a startup founder, VC, or PR agency with big updates—funding rounds, product launches 📢, or company milestones 🎉 — AraGeek English wants to hear from you!

✉️ Send Us Your Story 👇

https://en.arageek.com/send-us-your-story-or-a-news-tip