UAE-based BHM Capital and Riyad Capital have announced a significant strategic partnership aimed at joint market making initiatives within the Gulf Cooperation Council (GCC) region. As approved ‘market makers’ by Tadawul in the Saudi market, Riyad Capital brings its expertise to bolster liquidity and enhance and strengthen the GCC financial markets in the region.
Recognizing the potential for mutual growth and development, both entities aim to optimize trading operations, expand the range of financial instruments, and promote a more efficient capital market ecosystem.
The collaboration is poised to create a stable and transparent trading environment, attracting both domestic and international investors, thus driving further investment into the GCC Financial Markets, ultimately driving growth into the GCC region.
Abdel Hadi Al Sadi, CEO of BHM Capital, expressed pride in this landmark partnership, emphasizing the commitment to enhancing the financial landscape in the GCC region through innovative market-making solutions. T
he collaboration between BHM Capital and Riyad Capital holds the promise of strengthening the GCC financial markets and fostering economic growth in the region.