Parkin Company, Dubai’s largest provider of paid parking facilities and services, has appointed BHM Capital Financial Services as its liquidity provider.
BHM Capital will provide liquidity in relation to Parkin’s shares listed on the Dubai Financial Market (DFM) and help reduce the bid-ask spread, promote orderly trading and reduce share price volatility by placing two-way quotes in the trading system during regular trading hours.
This liquidity arrangement fully complies with the regulations of both the DFM and the UAE Securities and Commodities Authority.
Mohamed Al Ali, CEO of Parkin, commented: “Liquidity is essential to unlocking shareholder value. By appointing BHM Capital as an additional liquidity provider, we are taking proactive steps to enhance trading activity and deliver a more attractive investment proposition for our shareholders.
“BHM Capital’s proven track record and expertise in the UAE capital markets will help support a more efficient and transparent trading environment, reinforcing confidence in Dubai as a leading financial centre.”
Abdel Hadi Al Sa’di, CEO of BHM Capital, added: “We are pleased to be appointed as a liquidity provider for Parkin on the Dubai Financial Market. This collaboration reflects our commitment to supporting leading issuers and strengthening market liquidity in the UAE. By enhancing trading activity, we aim to support Parkin in delivering long-term value to its shareholders.”
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