BHM Capital Financial Services has obtained a fund management license from the Securities and Commodities Authority (SCA) of the United Arab Emirates.
The license allows the Dubai-based investment brokerage and advisory firm to establish, manage and promote investment funds, according to multiple media outlets.
The development further reinforces the company’s strategy to offer a range of financial instruments that meet investors’ needs.
BHM Capital Abdel Hadi Al Sa’di said: “We are happy to have obtained the fund management license. This is a strong reflection of the company’s vision and position as a leading provider of financial services in the region.
“Our goal is to offer funds that offer excess returns over the medium to long term. We manage the entire process of building a client’s investment portfolio and providing access to new investment opportunities.
Al Sa’di noted that the fundamental advantage of investing in a fund is that it allows investors to delegate investment management decisions to professionals.
“BHM Capital implements a fund’s investment strategy and oversees its portfolio trading activity. While market conditions play a huge role in a fund’s performance, the capabilities of the fund manager also play a role. A highly skilled fund manager can help their fund outperform competitors and benchmarks,” he added.
In December last year, the firm obtained a listing advisory license from the SCA to offer advice and consultation to investee companies.
Last year, fund administrator JTC boosted its presence in the Middle East with the award of a new license to provide corporate services in Abu Dhabi.