Al Ramz Corporation Investment and Development PJSC

Al Ramz Capital LLC, based in Dubai, has been appointed as a liquidity provider for Al Ansari Financial Services, a leading financial services group listed on the Dubai Financial Market (DFM). This appointment will allow Al Ramz to independently trade Al Ansari shares, optimizing share trading by enriching the order book, minimizing trading spreads, reducing price volatility, and increasing trading volume. Al Ramz, with over 25 years of experience in UAE capital markets, is recognized for its market-making services on the DFM, Abu Dhabi Securities Exchange (ADX), and Nasdaq Dubai. CEO Karim Schoeib emphasized their commitment to upholding high standards of governance and transparency while enhancing trading conditions. Founded in 1998, Al Ramz offers a wide range of financial services and is regulated by the UAE Securities and Commodities Authority and the Dubai Financial Services Authority.

Al Ramz Capital LLC, a licensed market maker with over 25 years of experience in UAE capital markets, has been appointed as a liquidity provider for Abu Dhabi Ports Company PJSC (ADPORTS), a leading facilitator of global trade and logistics listed on the Abu Dhabi Securities Exchange. The appointment, set to commence on May 16, 2024, following regulatory approvals, will see Al Ramz independently trading ADPORTS shares within set parameters and in accordance with regulatory guidelines. The purpose of appointing a liquidity provider is to optimize share trading, reduce price volatility, and enhance trading volume. Al Ramz is recognized for its market-making services and has a record of enhancing liquidity provision. The firm offers a range of services, including asset management, corporate finance, and financial research.

Al Ramz Corporation PJSC, a UAE non-banking financial institution, reported its Q1 2024 financial results, with a net profit of AED 2 million. The corporation saw a 29% growth in non-investment revenues, but reported an investment loss of AED 5.5 million, attributed to regional geopolitical unrest and subdued markets. Despite this, the quality of earnings surged to AED 7 million. The company's corporate finance and advisory revenues increased by 149%, while financing revenues grew by 15%. The Group's Managing Director expressed satisfaction with the results, noting the robust increase in non-investment revenues and the company's resilience in dynamic market conditions.