Al Ramz Corporation Investment and Development PJSC

Ticker/ISIN

ALRAMZ

AED000801012

Market/Country

Dubai Financial Market

United Arab Emirates

Latest Stock Price

1.57 AED

2024-09-30

Year to date

0.12 %

3 months

0.08 %

6 months

0.05 %

1 year

0.01 %

3 years

0.05 %

5 years

0.05 %

Country of Origin: United Arab Emirates (U.A.E)

Al Ramz Corporation Investment and Development PJSC is a limited liability company which was originally incorporated in Dubai on 21 June 1975 by an Emiri Decree and it became a public shareholding company in 1997, in accordance with the UAE Federal Law No. (8) Of 1984 (as amended).

The Company was incorporated for a period of 30 years which were completed on 20 June 2005. The shareholders have decided to extend the duration of the Company by 50 more years.

Latest Pressrelease Summaries

Watania International Holding (DFM: WATANIA) has appointed Al Ramz Capital LLC as its liquidity provider, effective August 15, 2024, following regulatory approvals. Al Ramz, a licensed market maker with over 25 years of experience in UAE capital markets, will manage the independent trading of Watania's shares to optimize trading conditions, reduce price volatility, and enhance trading volumes. Watania's CEO, Gautam Datta, emphasized that the appointment aligns with the company's strategy to boost market positioning and investor confidence. Al Ramz's CEO, Karim Schoeib, highlighted their commitment to maintaining high standards of governance and transparency while facilitating optimal trading conditions. Al Ramz is known for its market-making services across various UAE exchanges, including the Abu Dhabi Securities Exchange, Dubai Financial Markets, and Nasdaq Dubai.

Disclosure: Press release

2 months ago

Al Ramz Corporation PJSC, a non-banking financial institution in the UAE, reported a net profit of AED 2.4 million for the first half of 2024. The company saw a 74% increase in corporate finance and advisory revenues and launched US markets trading. Despite regional geopolitical tensions and a subdued market environment, Al Ramz maintained its non-investment revenue streams and achieved a 49% increase in investment-adjusted earnings quality. Key financial highlights include total revenues of AED 41 million, finance income of AED 24 million, and corporate finance and advisory revenues of AED 10.3 million. Additionally, Al Ramz was appointed as a liquidity provider for Abu Dhabi Ports Company PJSC and ADNOC Drilling Company PJSC, reinforcing its leadership in market-making and liquidity provision in the UAE capital markets.

Disclosure: Press release

2 months ago

Al Ramz Capital LLC, based in Dubai, UAE, announced its appointment as the liquidity provider for ADNOC Drilling Company PJSC, the largest drilling and well completions company in the Middle East by fleet size. Al Ramz will begin independent trading of ADNOC Drilling shares on 18 July 2024, following regulatory approvals. With over 25 years of experience in UAE capital markets, Al Ramz is a licensed market maker on the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM). The company is recognized for its market-making services, which enhance liquidity by enriching the order book, minimizing trading spreads, reducing price volatility, and increasing trading volume. Founded in 1998, Al Ramz offers various financial services including asset management, corporate finance, brokerage, security margins, market making, liquidity providing, public offering management, and financial research.

Disclosure: Press release

3 months ago

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.

Disclosure: Press Release

4 months ago

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.

Disclosure: Press Release

5 months ago

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.

Disclosure: Press Release

5 months ago

The provided document from 2024 is from ALRAMZ, a company involved in asset management, corporate finance, brokerage, market making, and research. The document is intended for the information of the directors and management of the addressee. It is not to be quoted or referred to without prior written consent from ALRAMZ. The company also disclaims any responsibility to third parties in relation to the document. The content of the document pertains to a BNRC Meeting#2 of 2024, which took place on 25th March 2024.

Disclosure: Nominees for Board of Directors membership

6 months ago

Al Ramz Corporation Investment and Development PJSC has invited its shareholders to attend the Annual General Assembly Meeting (AGM) on 22 April 2024. The meeting will take place at the company's premises in Abu Dhabi or via remote presence technology. The agenda includes the appointment of the meeting secretary and vote collectors, review and approval of the company's financial reports for the fiscal year ended 31 December 2023, and consideration of a proposal to distribute cash dividends. Other items include the review of the Board of Directors' remuneration, potential removal or discharge of board members and auditors, reappointment of the External Auditors for 2024, voting for nominated Board of Directors for the new cycle ending in 2027, and delegating the board to allocate up to 1% of net profits to corporate social responsibility. Shareholders may attend in person or delegate a proxy to attend on their behalf.

Disclosure: Invitation of General Assembly

7 months ago