Dr Maryam Butti Al Suwaidi Joins BHM Capital Amidst Acquisition Delay
Deal News | Mar 21, 2025 | Zawya
BHM Capital is poised to strengthen its leadership by appointing Dr Maryam Butti Al Suwaidi, the former CEO of the UAE's federal financial regulatory agency, as vice chairman. This strategic move comes as the company adjusts its plans to acquire Al Waqan Capital Investment. Initially set to increase capital by AED 4.85 billion for the acquisition, BHM Capital has proposed a scaled-down capital increase of AED 200 million to focus on expanding operations. The Al Waqan acquisition, presently on hold, will resume following additional requirements from the UAE Ministry of Economy. Concurrently, a proposal to distribute profits through 26.6 million bonus shares has been introduced. Dr Al Suwaidi will replace Eng Abdulah Atratrah, who resigned as chairman, amidst her appointment pending approval.
Sectors
- Financial Services
- Regulatory & Advisory
Geography
- United Arab Emirates – Both BHM Capital and Al Waqan Capital operate out of the UAE, and the regulatory environment is specifically connected to UAE's Ministry of Economy.
Industry
- Financial Services – BHM Capital operates within the financial services sector as a liquidity provider and broker, predominantly in the UAE's financial markets.
- Regulatory & Advisory – Dr. Maryam Butti Al Suwaidi's previous role as CEO of the UAE federal financial regulatory agency ties the article to the regulatory and advisory industry.
Financials
- AED 4.85 billion – Original capital increase planned by BHM Capital for the acquisition of Al Waqan Capital.
- AED 200 million – Revised capital increase proposed for the expansion of BHM Capital's operations.
- 26.6 million bonus shares or 15.31% of paid-up capital – Proposed distribution of profits to shareholders.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BHM Capital | Acquiring Company | Company | A Dubai-listed financial services firm involved in brokerage and liquidity provision. |
| Dr. Maryam Butti Al Suwaidi | Incoming Vice Chairman | Person | Former CEO of UAE’s federal financial regulatory agency, now appointed as vice chairman of BHM Capital. |
| Al Waqan Capital Investment | Target Company | Company | Subject of BHM Capital's acquisition plans aimed at transforming BHM into a holding company. |
| Eng Abdulah Atratrah | Outgoing Chairman | Person | Resigned chairman of BHM Capital and board member at Drake & Scull International. |
| Drake & Scull International | Other Company | Company | A company associated with Eng Abdulah Atratrah's current board membership, listed in Dubai. |
| UAE Ministry of Economy | Government Agency | Government | The regulatory body with which BHM Capital has been working to complete the acquisition of Al Waqan. |