The action is part of EIH’s strategic idea to diversify and develop its investments.
Introduction
Abu Dhabi-based Ethmar International Holding (EIH) has made a substantial move in the financial sector by acquiring a 67 percent stake in BHM Capital Financial Services for Dh170 million.
BHM Capital, a private joint stock company listed on the Dubai Financial Market (DFM), has become a key addition to EIH’s strategy for diversification and expansion in the financial services sector.
Strategic Acquisition
EIH’s Vision
The acquisition of a majority stake in BHM Capital aligns with EIH’s strategic vision to broaden its investments, particularly within the financial services industry. It underscores EIH’s commitment to exploring new sectors and enhancing its presence in the financial markets.
CEO’s Perspective
Ali Elgebely, Managing Director, and Group CEO of EIH, expressed satisfaction with the strategic move, emphasizing its significance in EIH’s investment plans.
He highlighted the company’s objective to foster growth through strategic partnerships that contribute to building a diverse, innovative, and sustainable investment portfolio.
Conclusion
Ethmar International Holding’s acquisition of a majority stake in BHM Capital Financial Services represents a notable development in the financial landscape of the UAE.
This strategic move aligns with EIH’s vision of diversification and expansion and underscores its commitment to forging strong partnerships to build a resilient and diverse investment portfolio.