Al Ramz Corporation's 2024: A Year of Strategic Growth

Al Ramz Corporation PJSC, a stalwart in the UAE's financial services sector, has recently unveiled its financial results for 2024, marking a transformative year characterized by strategic investments and foundational growth. Despite a challenging economic landscape, Al Ramz reported a net profit of AED 16 million, underscoring its resilience and robust market position.

The company's total assets surged by 24% to AED 1.5 billion, a testament to the rising demand in the securities margin market. This increase was complemented by a 50% expansion in the liquidity-providing division, highlighting the effectiveness of Al Ramz's market-making model.

A standout achievement for the year was the launch of Al Ramz's proprietary social trading platform, a pioneering initiative in the region. This platform integrates advanced technologies with user engagement, enhancing the trading experience and empowering investors with data-driven insights.

Mohammad Al Mortada Al Dandashi, Group Managing Director, emphasized the company's dedication to excellence, strategic growth, and long-term value creation. He noted that while the net profit showed a decline, it did not fully reflect the substantial advancements achieved, particularly in customer acquisition and the deployment of automated value propositions.

The year was marked by a remarkable 190% increase in the customer base and a 19% rise in client funds. Revenue from new markets also surged by an impressive 2,475%, demonstrating the effectiveness of Al Ramz's innovative approach and commitment to financial inclusion.

Looking ahead, Al Ramz's strategic initiatives and continued progress with its trading app reaffirm its vision of resilience and sustainable growth. As the company continues to expand its market reach and product offerings, it is well-positioned for future success.

Given the company's strategic investments, significant growth in assets and customer base, and successful launch of innovative platforms, the outlook for Al Ramz Corporation appears optimistic. Investors may consider a buy position, as the company is poised for continued growth and value creation.