Latest news with #AlRamzCorporation
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
Trade Arabia
05-02-2025
- Business
- Trade Arabia
Al Ramz expands footprint with Muscat Stock Exchange licence
Al Ramz Corporation, a leading financial services institution with over 25 years of expertise in capital markets, has been granted a market maker licence by the Muscat Stock Exchange (MSX), marking a significant milestone in its regional expansion strategy. The licence further strengthens Al Ramz's role as a key enabler of market efficiency in the GCC, bringing its proven market-making expertise to Oman. With a track record of enhancing price discovery, narrowing spreads, and stabilising trading environments in the UAE, Al Ramz is well-positioned to support MSX's liquidity enhancement goals under Oman Vision 2040. Karim Shoeib, Group CEO – Investment Banking, Al Ramz, stated: 'Expanding our market-making operations into Oman is a strategic step in our broader mission to strengthen our presence across the GCC. This expansion is aligned with Oman Vision 2040's commitment to developing capital markets and fostering financial sustainability. As we extend our reach, we remain dedicated to playing a leading role in regional markets by reinforcing investor confidence and upholding the highest standards of market integrity. "Our confidence in this expansion is rooted in the strength of our business model, which has evolved through the development of advanced quantitative strategies, algorithmic trading capabilities, and well-established governance frameworks. By optimizing order flow, enhancing price discovery, and reducing volatility, we aim to drive market efficiency while ensuring responsible market practices. Backed by a highly skilled team and cutting-edge technology, we look forward to contributing meaningfully to the growth, resilience, and stability of Oman's financial ecosystem.' Al Ramz's most recent expansion underscores its commitment to supporting regional capital markets with best-in-class market-making capabilities. Leveraging insights from its governance leadership in liquidity provision, the firm remains dedicated to fostering ethical and sustainable financial markets while ensuring transparency, market stability, and regulatory alignment.
Zawya
05-02-2025
- Business
- Zawya
Al Ramz expands footprint with Muscat Stock Exchange licence
Oman - Al Ramz Corporation, a leading financial services institution with over 25 years of expertise in capital markets, has been granted a market maker licence by the Muscat Stock Exchange (MSX), marking a significant milestone in its regional expansion strategy. The licence further strengthens Al Ramz's role as a key enabler of market efficiency in the GCC, bringing its proven market-making expertise to Oman. With a track record of enhancing price discovery, narrowing spreads, and stabilising trading environments in the UAE, Al Ramz is well-positioned to support MSX's liquidity enhancement goals under Oman Vision 2040. Karim Shoeib, Group CEO – Investment Banking, Al Ramz, stated: 'Expanding our market-making operations into Oman is a strategic step in our broader mission to strengthen our presence across the GCC. This expansion is aligned with Oman Vision 2040's commitment to developing capital markets and fostering financial sustainability. As we extend our reach, we remain dedicated to playing a leading role in regional markets by reinforcing investor confidence and upholding the highest standards of market integrity. "Our confidence in this expansion is rooted in the strength of our business model, which has evolved through the development of advanced quantitative strategies, algorithmic trading capabilities, and well-established governance frameworks. By optimizing order flow, enhancing price discovery, and reducing volatility, we aim to drive market efficiency while ensuring responsible market practices. Backed by a highly skilled team and cutting-edge technology, we look forward to contributing meaningfully to the growth, resilience, and stability of Oman's financial ecosystem.' Al Ramz's most recent expansion underscores its commitment to supporting regional capital markets with best-in-class market-making capabilities. Leveraging insights from its governance leadership in liquidity provision, the firm remains dedicated to fostering ethical and sustainable financial markets while ensuring transparency, market stability, and regulatory alignment. As a publicly listed company on the Dubai Financial Market, Al Ramz continues to scale its regional operations across market making, asset management, brokerage, and corporate finance, reinforcing its leadership in the GCC's financial ecosystem. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
