Latest news with #AlRamz
Al Bawaba
13 hours ago
- Business
- Al Bawaba
Al Ramz Appointed as Liquidity Provider to ADNOC DISTRIBUTION
Al Ramz Capital LLC announced today its appointment, as a liquidity provider for Abu Dhabi National Oil Company for Distribution PJSC, the UAE's largest mobility and convenience retailer and the country's leading marketer and distributor of fuels to commercial, industrial, and government clients. (ADX: ADNOCDIST). Following regulatory approvals, Al Ramz will commence independent trading of ADNOCDIST shares within specified parameters and in adherence to regulatory guidelines on 17 June Ramz is a licensed market maker on the Dubai Financial Market (DFM), Abu Dhabi Securities Exchange (ADX), Nasdaq Dubai, Muscat Stock Exchange (MSX), and Bahrain Bourse (BHB) with more than 25 years' experience in capital markets. Al Ramz is widely recognized for its market-making services and has demonstrated a consistent ability to enhance liquidity provision by facilitating synergistic relationships within distinct markets. Since introducing its market-making and liquidity provision services, Al Ramz has firmly established itself as a prominent leader in this domain. These services are available on the Abu Dhabi Securities Exchange, the Dubai Financial Markets, the Nasdaq Dubai, the Muscat Stock Exchange, and the Bahrain Bourse. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Zawya
14 hours ago
- Business
- Zawya
Al Ramz appointed as liquidity provider to ADNOC Distribution
Dubai, UAE: Al Ramz Capital LLC announced today its appointment, as a liquidity provider for Abu Dhabi National Oil Company for Distribution PJSC, the UAE's largest mobility and convenience retailer and the country's leading marketer and distributor of fuels to commercial, industrial, and government clients. (ADX: ADNOCDIST). Following regulatory approvals, Al Ramz will commence independent trading of ADNOCDIST shares within specified parameters and in adherence to regulatory guidelines on 17 June 2025. Al Ramz is a licensed market maker on the Dubai Financial Market (DFM), Abu Dhabi Securities Exchange (ADX), Nasdaq Dubai, Muscat Stock Exchange (MSX), and Bahrain Bourse (BHB) with more than 25 years' experience in capital markets. Al Ramz is widely recognized for its market-making services and has demonstrated a consistent ability to enhance liquidity provision by facilitating synergistic relationships within distinct markets. Since introducing its market-making and liquidity provision services, Al Ramz has firmly established itself as a prominent leader in this domain. These services are available on the Abu Dhabi Securities Exchange, the Dubai Financial Markets, the Nasdaq Dubai, the Muscat Stock Exchange, and the Bahrain Bourse. ABOUT AL RAMZ Founded in 1998, AI Ramz is a UAE domiciled public joint stock company listed on the Dubai Financial Market and regulated by the UAE Securities and Commodities Authority and the Dubai Financial Services Authority. Al Ramz provides a broad spectrum of services including asset management, corporate finance, brokerage, security margins, market making, liquidity providing, public offering management and financial research. Al Ramz Capital LLC Level 9, Rolex Tower Dubai, United Arab Emirates
Zawya
14-05-2025
- Business
- Zawya
Al Ramz Corporation's profits jump in Q1-25; revenues cross $8.3mln
Dubai: Al Ramz Corporation Investment and Development registered net profits worth AED 6.72 million in the first quarter (Q1) of 2025, an annual surge from AED 1.61 million. Basic and diluted earnings per share (EPS) climbed to AED 0.012 in Q1-25 from AED 0.003 a year earlier, according to the income results. Total net income hiked to AED 30.61 million during the January-March 2025 period from AED 21.54 million in Q1-24. Mohammad Al Mortada Al Dandashi, Group Managing Director of Al Ramz, commented: 'We are proud to have been entrusted with landmark mandates from ADNOC Gas, Borouge, and Fertiglobe, further cementing our leadership in market making across the region.' 'As we continue to grow across business lines and geographies, we remain focused on shaping and advancing the financial markets ecosystem in the UAE and beyond,' he added. As of 31 December 2024, the company's net profits shrank to AED 15.95 million from AED 39.67 million in 2023.
Arabian Business
13-03-2025
- Business
- Arabian Business
Al Ramz appointed as liquidity provider to ADNOC Gas and Fertiglobe
Al Ramz Capital announced on Wednesday that it has been appointed as a liquidity provider for two Abu Dhabi-based companies – ADNOC Gas and Fertiglobe. ADNOC Gas is a large-scale integrated gas processing company, while Fertiglobe is the world's largest seaborne exporter of urea and ammonia combined, and the largest nitrogen fertilizer producer in the MENA region. Both companies are listed on Abu Dhabi Securities Exchange (ADX). Following regulatory approvals, Al Ramz commenced independent trading of Fertiglobe shares within specified parameters and in adherence to regulatory guidelines on Thursday, March 13th. It started independent trading of ADNOC Gas shares on similar conditions a day before. Al Ramz's market expertise A listed company appoints a liquidity provider to optimise share trading by enriching the order book, minimising trading spreads, reducing price volatility and augmenting trading volume. Established in 1998, Al Ramz is a licensed market maker on the Dubai Financial Market (DFM) and ADX with more than 25 years of experience in UAE capital markets. It is widely recognised for its market-making services and has consistently enhanced liquidity provision by facilitating synergistic relationships within distinct markets. Apart from liquidity provision, Al Ramz is also involved in asset management, corporate finance, brokerage, security margins, market making, public offering management and financial research.
Zawya
07-03-2025
- Business
- Zawya
Al Ramz Corporation delivers solid financial performance; assets up 24%
Dubai – Al Ramz Corporation Investment and Development recorded lower net profits at AED 15.95 million in 2024, compared with AED 39.67 million in 2023. The DFM-listed company registered a total income valued at AED 99.86 million last year, down from AED 118.68 million in 2023. Basic and diluted earnings per share (EPS) fell to AED 0.02 as of 31 December 2024 from AED 0.07 a year earlier. Total assets surged by 24% YoY to AED 1.52 billion in 2024, driven by rising demand in the securities margin market. Mohammad Al Mortada Al Dandashi, Group Managing Director of Al Ramz, said: 'Our platform's user base saw remarkable growth of 184% YoY, while client assets marked a 19% increase, driven by strong customer acquisition and the phased deployment of our automated value proposition.' At the end of September 2024, Al Ramz Corporation recorded an annual plunge in net profit to AED 9.20 million, compared with AED 21.62 million. Source: Mubasher
