Al Ramz Corporation Investment and Development PJSC

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.

Al Ramz Corporation Investment and Development PJSC has scheduled a board meeting on Wednesday, December 11, 2024, starting at 11:00 AM. The agenda includes discussing various business-related matters. The announcement is made by Mr. Haitham El Hariri, the Board Secretary.

Al Ramz Capital LLC has been appointed as a liquidity provider for Bank of Sharjah, a financial institution listed on the Abu Dhabi Securities Exchange. The appointment will allow Al Ramz to begin independent trading of Bank of Sharjah shares from November 21, 2024, following regulatory approvals. The role of a liquidity provider is to optimize share trading by improving 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 a licensed market maker on both the Dubai Financial Market and Abu Dhabi Securities Exchange. The CEO of Al Ramz, Karim Schoeib, expressed his delight at the appointment, emphasizing their commitment to maintaining high standards of governance and transparency. Founded in 1998, Al Ramz is a public joint stock company listed on the Dubai Financial Market, offering services such as asset management, corporate finance, brokerage, and financial research.

Al Ramz Corporation PJSC, a financial services provider in the UAE, announced a net profit of AED 9.2 million for the third quarter of 2024. The company saw a 49% increase in corporate finance and advisory revenues and was designated as the liquidity provider for several companies, including ADNOC Drilling Company PJSC and Abu Dhabi Ports Company PJSC. Despite regional geopolitical challenges impacting capital markets, Al Ramz remains focused on sustainable growth through investments in digital trading, market making, asset management, and credit services. The digital trading platform saw significant user growth, with a 112% increase from the previous quarter. The platform now offers full Arabic language support and received the "Mobile App of the Year" award from Entrepreneur Middle East's Leaders in Fintech Awards 2024.

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.

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.