BHM Capital Financial Services seeks to acquire AlWaqan Capital Investment

DUBAI: BHM Capital Financial Services held on Monday its General Assembly Meeting virtually to discuss the proposal for the acquisition of AlWaqan Capital Investment. In a statement through Dubai Financial Market (DFM), the company said that the proposal to acquire AlWaqan Capital Investment LLC will be carried out through a capital increase from AED173.4 million to AED5.023 million, in exchange for in-kind shares and the issuance of new shares in the company to the shareholders of AlWaqan Capital Investment LLC. The company also said it will be reviewing the proposal to amend Article (7) and Article (14-1) of its Articles of Association Source : Emirates News Agency