Al Ramz Joins Forces with Sharjah Islamic Bank
Al Ramz Capital LLC appointed as liquidity provider for Sharjah Islamic Bank, enhancing trading conditions and market value.
Summary
Al Ramz Capital LLC has been appointed as a liquidity provider for Sharjah Islamic Bank, aiming to optimize share trading and reduce price volatility.
Al Ramz Capital LLC, a prominent player in the UAE capital markets, has announced its latest appointment as a liquidity provider for Sharjah Islamic Bank (ADX: SIB), a leading financial institution known for its comprehensive range of Sharia-compliant services. This strategic collaboration is set to commence on December 10, 2024, following regulatory approvals.
The role of a liquidity provider is crucial in optimizing share trading by enriching the order book, minimizing trading spreads, reducing price volatility, and augmenting trading volume. By doing so, Al Ramz aims to diminish the illiquidity discount and narrow the gap between intrinsic and market value, thereby enhancing the overall trading experience for investors.
Al Ramz is no stranger to the intricacies of the UAE capital markets, boasting over 25 years of experience as a licensed market maker on both the Dubai Financial Market and the Abu Dhabi Securities Exchange. This appointment further solidifies its reputation as a leader in market-making and liquidity provision services across various sectors.
Mr. Karim Schoeib, CEO of Al Ramz Capital LLC, expressed his enthusiasm about this partnership, highlighting the company's commitment to delivering tangible results while maintaining high standards of governance and transparency. He assured stakeholders of Sharjah Islamic Bank of Al Ramz's unwavering dedication to fulfilling the agreed-upon mandate, thereby fostering optimal trading conditions.
Given Al Ramz's proven track record and the potential benefits of this collaboration, investors might consider a buy position on Sharjah Islamic Bank shares. The enhanced liquidity and reduced price volatility could lead to improved market value, making it an attractive proposition for those looking to invest in a stable, Sharia-compliant financial institution.
Source
Summary
Al Ramz Capital LLC, based in Dubai, has been appointed as a liquidity provider for Sharjah Islamic Bank, an Abu Dhabi-listed financial institution. This appointment, effective December 10, 2024, will involve Al Ramz independently trading Sharjah Islamic Bank shares to optimize trading conditions. As a licensed market maker with over 25 years of experience in UAE capital markets, Al Ramz aims to enhance the order book, reduce trading spreads, and increase trading volume, thereby minimizing the illiquidity discount. CEO Karim Schoeib expressed satisfaction with the appointment, highlighting Al Ramz's commitment to governance and transparency. Al Ramz is recognized for its market-making services across various UAE exchanges, including the Abu Dhabi Securities Exchange, Dubai Financial Market, and Nasdaq Dubai. Founded in 1998, Al Ramz offers a range of financial services and is regulated by UAE financial authorities.
