Al Ramz Corporation Investment and Development PJSC

Al Ramz Corporation PJSC, a financial services institution in Dubai, announced its 2024 financial results, highlighting strategic investments and foundational growth. The company reported a net profit of AED 16 million and a 24% increase in total assets, reaching AED 1.5 billion. The customer base grew by 190%, with client funds rising by 19%. Despite a decline in net profit, revenue remained strong at AED 100 million. The year was marked by the launch of a proprietary social trading platform, enhancing the trading experience through advanced technology. The firm expanded its market reach with innovative products and a focus on financial inclusion, resulting in significant growth in new markets and user engagement.

Al Ramz Corporation PJSC, a prominent financial services institution based in Dubai, has expanded its regional presence by securing a market maker license from the Bahrain Bourse. This development is part of Al Ramz's ongoing strategy to enhance its influence in the GCC region, following a recent license approval from the Muscat Stock Exchange. The company aims to improve market efficiency in Bahrain by leveraging its expertise in market making, which includes enhancing price discovery and stabilizing trading environments. Karim Shoeib, Group CEO of Al Ramz, highlighted the strategic importance of this expansion in reinforcing the company's presence across the GCC and supporting Bahrain's national vision. Al Ramz plans to utilize advanced quantitative strategies and algorithmic trading to optimize order flow and reduce market volatility, contributing to the development of Bahrain's financial sector. The expansion reflects Al Ramz's dedication to ethical and sustainable market practices while maintaining transparency and regulatory alignment.

Al Ramz Corporation Investment & Development PJSC, established on June 25, 1975, reported its preliminary results for the year ending December 31, 2024. The company's paid-up, subscribed, and authorized capital is AED 549,915,858. The Chairman of the Board is Mr. Dhafer Sahmi Al Ahbabi, and the Managing Director is Mr. Mohammed Al Mortada Al Dandashi. The external auditor is Ernst & Young. The company's mailing address is P.O. Box 121200, Dubai, United Arab Emirates, and they can be contacted via telephone at +97126262626, fax at +97126262444, or email at IR@alramz.ae.

Al Ramz Corporation PJSC, a prominent financial services firm with over 25 years in capital markets, has obtained a market maker license from the Muscat Stock Exchange (MSX). This development is part of Al Ramz's strategy to expand its market-making operations within the GCC region, aligning with Oman’s Vision 2040 to enhance capital market efficiency and liquidity. The company aims to apply its expertise in price discovery and trading stability, previously demonstrated in the UAE, to support MSX’s liquidity goals. Karim Shoeib, Group CEO of Investment Banking at Al Ramz, emphasized the strategic importance of this expansion in reinforcing the firm's regional presence and commitment to market integrity and investor confidence. The expansion leverages Al Ramz’s advanced quantitative strategies, algorithmic trading, and governance frameworks to optimize order flow and reduce market volatility. This initiative reflects Al Ramz’s dedication to fostering sustainable and transparent financial markets in the region.

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.