Press releases, Reports & Disclosures for Al Ramz Corporation Investment and Development PJSC

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.