Watania International Holding Appoints Al Ramz as Liquidity Provider

In a significant development, Watania International Holding PJSC (DFM: WATANIA), a prominent investment holding company in the UAE, has announced the appointment of Al Ramz Capital LLC as its liquidity provider. This move is set to commence on August 15, 2024, following the necessary regulatory approvals.

Al Ramz Capital LLC, a licensed market maker on the Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX), brings over 25 years of experience in UAE capital markets. The firm is well-regarded for its market-making services and has a proven track record of enhancing liquidity provision across various markets, including the DFM, ADX, and Nasdaq Dubai.

Watania International Holding, formerly known as Dar Al Takaful PJSC, has undergone significant transformations in recent years. The company, which began operations in 2008, has consolidated key operators and expanded its footprint through Shariah-compliant investments. In March 2023, it rebranded to Watania International Holding PJSC, shifting its focus from insurance to becoming an investment holding company.

Mr. Gautam Datta, CEO of Watania International Holding, expressed his optimism about the new partnership with Al Ramz Capital. He stated, 'We are pleased to appoint Al Ramz Capital as our new liquidity provider. This appointment is underpinned by our strategic focus to maintain the growth in the financial and operational performance. It also aligns with our ongoing drive to strengthen WIH’s market positioning and investor confidence by fostering a dynamic and transparent trading environment.'

Mr. Karim Schoeib, CEO of Al Ramz Capital LLC, also shared his enthusiasm, noting, 'We are pleased to announce our appointment as the liquidity provider for Watania International Holding. This appointment stands as a testament to our ability to deliver tangible results while upholding the highest standards of governance and transparency. Al Ramz will diligently facilitate a healthy order book, fostering optimal trading conditions and enhancing trading spreads.'

The appointment of Al Ramz Capital is expected to bring several benefits to Watania International Holding’s shareholders. By enriching the order book, minimizing trading spreads, and reducing price volatility, Al Ramz aims to create a more dynamic and transparent trading environment. This, in turn, is anticipated to boost trading volume and reduce the intrinsic value gap of Watania International Holding’s shares.

Given these developments, investors might consider holding their positions in Watania International Holding. The strategic move to appoint a reputable liquidity provider like Al Ramz Capital indicates the company’s commitment to enhancing shareholder value and market confidence. However, as with any investment, it is essential to stay informed about ongoing market conditions and company performance.