Al Ramz Corporation Investment and Development PJSC

Logotype for Al Ramz Corporation Investment and Development PJSC
Ticker/ISIN
ALRAMZ
AED000801012
Market/Country
Dubai Financial Market
United Arab Emirates

About Al Ramz Corporation Investment and Development PJSC

Country of Origin: United Arab Emirates (U.A.E)

Al Ramz Corporation Investment and Development PJSC is a limited liability company which was originally incorporated in Dubai on 21 June 1975 by an Emiri Decree and it became a public shareholding company in 1997, in accordance with the UAE Federal Law No. (8) Of 1984 (as amended).

The Company was incorporated for a period of 30 years which were completed on 20 June 2005. The shareholders have decided to extend the duration of the Company by 50 more years.

Latest Pressrelease Summaries from Al Ramz Corporation Investment and Development PJSC

Al Ramz Corporation Investment and Development PJSC invites its shareholders to the Annual General Assembly Meeting on 15 April 2025, at 2:00 PM, either in-person at their Abu Dhabi headquarters or virtually. The agenda includes approving the appointment of the meeting secretary, reviewing and approving the Board and Auditor’s reports, discussing financial statements, and deciding on cash dividend distributions. Shareholders will also vote on the Board's remuneration and the discharge or removal of Board members and auditors. Proxies can be appointed under certain conditions, and registration for electronic attendance and voting is required. Shareholders will receive invitations via SMS and email, with proxy and registration details available online.
Al Ramz Capital LLC has been appointed as a liquidity provider for Fertiglobe PLC, a major exporter of urea and ammonia and the largest nitrogen fertilizer producer in the MENA region. Starting March 13, 2025, Al Ramz will begin trading Fertiglobe shares following regulatory approvals. Al Ramz is a licensed market maker with over 25 years of experience in UAE capital markets, known for enhancing liquidity and trading efficiency. Founded in 1998, Al Ramz is a public joint stock company listed on the Dubai Financial Market, offering various financial services, including asset management and market making.
Al Ramz Capital LLC, located in Dubai, UAE, announced its appointment as a liquidity provider for ADNOC Gas PLC, a major gas processing company listed in Abu Dhabi. This role will commence on March 12, 2025, following regulatory approvals. 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 company is recognized for enhancing liquidity by enriching order books, reducing trading spreads, minimizing price volatility, and increasing trading volumes. 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 Capital LLC, based in Dubai, has been appointed as a liquidity provider for Borouge PLC, a leading provider of polyolefin solutions listed on the Abu Dhabi Securities Exchange. Starting March 11, 2025, Al Ramz will independently trade Borouge shares following regulatory approvals. With over 25 years of experience in UAE capital markets, Al Ramz is a licensed market maker on the Dubai Financial Market and Abu Dhabi Securities Exchange. The company is known for its market-making services, enhancing liquidity by fostering relationships in various markets. Al Ramz, founded in 1998, offers services such as asset management, corporate finance, brokerage, and financial research, and is regulated by the UAE Securities and Commodities Authority and the Dubai Financial Services Authority.
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.

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Disclosure: Press release regarding financial results for the 3rd QTR of 2023

Al Ramz Corporation PJSC, a UAE-based financial services provider, has reported a net profit of AED 21.6 million for Q3 2023, with revenues reaching AED 81.3 million. This represents an increase from AED 80.3 million during the same period in the previous year. Despite a contraction in commission income due to reduced market volumes, the company has seen a rise in net interest income. The company's growth is attributed to strong performances across various business units and strategic alliances, including a joint venture with Derayah in Saudi Arabia. The company is also investing heavily in technology to support innovative solutions for clients, including a cutting-edge trading platform.

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Disclosure: Result of BOD meeting

AlRamz Corporation Investment and Development PJSC held a Board of Directors meeting on November 6, 2023. The board approved the financial statements for the third quarter of 2023 and discussed other business operation matters. The meeting was announced by the Acting Board Secretary, Mr. Haitham ElHariri.

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Disclosure: Financial statements for the 3rd QTR of 2023

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Disclosure: BOD meeting

AlRamz Corporation PJSC, an investment and development company based in Dubai, United Arab Emirates, has announced that it will be reviewing and adopting financial statements for the third quarter ended 30th September 2023 in its upcoming board meeting. The meeting will also cover other undisclosed matters. The company's Acting Board Secretary is Mr. Haitham ElHariri. AlRamz Corporation has a paid-up capital of AED 549,915,858.

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ConsumerNinja profile image

ConsumerNinja

Commented on FinanceBroAEDs Transaction regarding Al Ramz Corporation Investment and Development PJSC

Hey FinanceBroAED, bold move with Al Ramz Corp! A rocky day, but remember, even the best climbers need a good fall. Let's see where this leads! #RiskTaker
Disclosure: Results of Board Decisions by Passing

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Disclosure: Board Decisions by Passing

The text appears to be related to AlRamz Corporation, an investment and development company based in Dubai, United Arab Emirates. A board meeting disclosure by circulation was mentioned, with Mr. Haitham El Hariri acting as the Board Secretary. The company's capital is AED 915,853.

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Disclosure: Press Release

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QueenOfCommunication profile image

QueenOfCommunication

Commented on FinanceBroAEDs Transaction regarding Al Ramz Corporation Investment and Development PJSC

ey @FinanceBroAED! Solid move on Al Ramz. Curious about your financials strategy with a 0% monthly yield tho. Better luck next month, eh? #EveryTradeCount
ConsumerPrincess profile image

ConsumerPrincess

Commented on FinanceBroAEDs Transaction regarding Al Ramz Corporation Investment and Development PJSC

FinanceBroAED, interesting move with Al Ramz Corp. Despite your focus on Financials and Industrials, this PrJSC could diversify your portfolio. Watch the market closely!