PRESSR: Waha Capital appoints PHM Capital as liquidity provider for its shares

Abu Dhabi, United Arab Emirates: Waha Capital PJSC, the leading investment management company listed on the Abu Dhabi Stock Exchange with the symbol WAHA, announced the appointment of “PHM Capital” as a liquidity provider for its shares, after obtaining the approval of the Abu Dhabi Stock Exchange.

On this occasion, Mohammed Hussein Al Nowais, Managing Director of Waha Capital, said: “We are pleased to announce the appointment of PHM Capital as a liquidity provider. This strategic cooperation will enhance the stability of the company’s stock movement and provide reliable price points for our investors. This step also... "It will enhance the level of confidence in the market, providing better growth opportunities in the long term. This partnership will also facilitate smooth access and trading for regional and international investors in our shares, in addition to its role in diversifying our investor base and consolidating our presence in the stock market."

As an authorized liquidity provider, BHM Capital will provide liquidity services for Waha Capital shares starting October 30, 2023. This will encourage trading in Waha Capital shares while reducing their random movement as a result of the imbalance in the stock’s buying and selling trading. In addition, providing liquidity services will enhance shareholder confidence in Waha Capital shares by mitigating the potential impact of market fluctuations and thus maintaining reasonable price levels.

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About Waha Capital

Al Waha Capital is a leading investment management company listed on the Abu Dhabi Securities Market. It has long investment experience in emerging markets, has a wide network of relationships in the financial and business community, and has strong research capabilities, which enables it to achieve attractive returns for its shareholders and investors in its funds.

Waha Capital was established in 1997, and today it is considered a world-class platform for investment and growth due to its strong reputation and distinguished position as one of the most prominent private investment institutions in Abu Dhabi. The company has a proven track record of success and achievements in terms of investment in public and private markets.

The company carries out its investment activity through two specialized units. The General Markets Unit offers investors funds that invest in credit instruments and stocks in emerging markets, managed according to an active and controlled approach and applies distinct strategies aimed at achieving returns that exceed the performance of similar funds in the market.

As for the Private Investments Unit, it follows a multi-asset investment approach characterized by flexibility in deploying capital across diverse sectors and geographical regions, benefiting from its extensive networks of relationships in the international investment, financial and business community to identify appropriate deals and build thoughtful partnerships with reliable partners to implement joint investments.

With the support of its largest shareholder, Mubadala Investment Company, Waha Capital plays a prominent role in the renaissance and development of the vital economic and entrepreneurship system in Abu Dhabi, and through its work achieves long-term value for its shareholders, investors in its funds, employees, and the communities in which it operates.

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