BHM Capital Financial Services PSC, the leading financial institution in the capital markets of the United Arab Emirates, has become the first financial institution in the UAE to connect to Astana International Exchange (AIX) as a Market Making Member through Tabadul, marking a significant milestone in the company’s international expansion and the growing connectivity between the UAE and Kazakhstan’s capital markets.
The milestone was celebrated through a joint virtual bell-ringing ceremony between Abu Dhabi Securities Exchange (ADX) and Astana International Exchange (AIX), held in the presence of BHM Capital’s top management and senior representatives from ADX and AIX, to celebrate BHM Capital’s entry into Kazakhstan’s capital market through the Tabadul Digital Exchange Hub.
The ceremony highlighted the strengthening cooperation between the UAE and Kazakhstan’s capital markets and the role of Tabadul in advancing cross-border market connectivity, facilitating participation and expanding investment opportunities across participating exchanges.
Through its connection to AIX as a Market Making Member, BHM Capital is extending its capabilities beyond cross-border market access to the active provision of liquidity in international markets, supporting more efficient markets, deeper liquidity and enhanced trading activity.
As part of BHM Capital’s market making activities on AIX, the company has recently commenced its mandate for National Atomic Company Kazatomprom JSC’s ordinary shares and GDRs (KAP and KAP.Y). Under the mandate, BHM Capital will provide liquidity services aimed at supporting the trading activity in the securities.
Commenting on the milestone, Abdulla Salem Alnuaimi, Group Chief Executive Officer of the ADX Group, said:
“This milestone underscores the significance of connectivity in shaping the future of capital markets. Through Tabadul, we are transforming partnerships between exchanges into real market activity, enabling more institutions like BHM Capital to extend their expertise across borders, deepen liquidity, and unlock new opportunities for investors in both the UAE and Kazakhstan.”
Assel Mukazhanova, Chief Executive Officer of Astana International Exchange (AIX), said:
“We are pleased to welcome BHM Capital as the first financial institution from the UAE to join AIX as a Market Making Member through the ADX Tabadul platform. Their participation strengthens the connectivity between our markets and brings additional expertise and liquidity to AIX. We believe this partnership will contribute to deeper market participation, broaden access for investors, and support the continued development of Kazakhstan’s capital market.”
Sheikh Dr. Ammar bin Nasser Al Mualla, Chairman of BHM Capital, added:
“Becoming the first UAE financial institution to join AIX as a Market Making Member and commencing market-making activities for Kazatomprom is a significant achievement that reflects the UAE’s growing influence across international capital markets. It demonstrates the strength and maturity of the country’s financial sector and the ability of UAE institutions to extend their expertise globally, connect markets and create new channels for investment between the UAE and the world.”
BHM Capital’s entry into AIX forms part of its broader strategy to build an increasingly interconnected market making and liquidity provision network across regional and international exchanges. Through Tabadul, the company is expanding its capabilities from cross-border market access to active participation in international capital markets.
The milestone demonstrates how cooperation between exchanges and market participants can translate cross-border connectivity into tangible market activity.