Al Ramz Corporation Investment and Development PJSC

Watania International Holding (DFM: WATANIA) has appointed Al Ramz Capital LLC as its liquidity provider, effective August 15, 2024, following regulatory approvals. Al Ramz, a licensed market maker with over 25 years of experience in UAE capital markets, will manage the independent trading of Watania's shares to optimize trading conditions, reduce price volatility, and enhance trading volumes. Watania's CEO, Gautam Datta, emphasized that the appointment aligns with the company's strategy to boost market positioning and investor confidence. Al Ramz's CEO, Karim Schoeib, highlighted their commitment to maintaining high standards of governance and transparency while facilitating optimal trading conditions. Al Ramz is known for its market-making services across various UAE exchanges, including the Abu Dhabi Securities Exchange, Dubai Financial Markets, and Nasdaq Dubai.

Al Ramz Corporation PJSC, a non-banking financial institution in the UAE, reported a net profit of AED 2.4 million for the first half of 2024. The company saw a 74% increase in corporate finance and advisory revenues and launched US markets trading. Despite regional geopolitical tensions and a subdued market environment, Al Ramz maintained its non-investment revenue streams and achieved a 49% increase in investment-adjusted earnings quality. Key financial highlights include total revenues of AED 41 million, finance income of AED 24 million, and corporate finance and advisory revenues of AED 10.3 million. Additionally, Al Ramz was appointed as a liquidity provider for Abu Dhabi Ports Company PJSC and ADNOC Drilling Company PJSC, reinforcing its leadership in market-making and liquidity provision in the UAE capital markets.

Al Ramz Capital LLC, based in Dubai, UAE, announced its appointment as the liquidity provider for ADNOC Drilling Company PJSC, the largest drilling and well completions company in the Middle East by fleet size. Al Ramz will begin independent trading of ADNOC Drilling shares on 18 July 2024, following regulatory approvals. With over 25 years of experience in UAE capital markets, Al Ramz is a licensed market maker on the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM). The company is recognized for its market-making services, which enhance liquidity by enriching the order book, minimizing trading spreads, reducing price volatility, and increasing trading volume. Founded in 1998, Al Ramz offers various financial services including asset management, corporate finance, brokerage, security margins, market making, liquidity providing, public offering management, and financial research.

Al Ramz Capital LLC, based in Dubai, has been appointed as a liquidity provider for Al Ansari Financial Services, a leading financial services group listed on the Dubai Financial Market (DFM). This appointment will allow Al Ramz to independently trade Al Ansari shares, optimizing share trading by enriching the order book, minimizing trading spreads, reducing price volatility, and increasing trading volume. Al Ramz, with over 25 years of experience in UAE capital markets, is recognized for its market-making services on the DFM, Abu Dhabi Securities Exchange (ADX), and Nasdaq Dubai. CEO Karim Schoeib emphasized their commitment to upholding high standards of governance and transparency while enhancing trading conditions. Founded in 1998, Al Ramz offers a wide range of financial services and is regulated by the UAE Securities and Commodities Authority and the Dubai Financial Services Authority.