Al Ramz Corporation PJSC, a UAE non-banking financial institution, reported its Q1 2024 financial results, with a net profit of AED 2 million. The corporation saw a 29% growth in non-investment revenues, but reported an investment loss of AED 5.5 million, attributed to regional geopolitical unrest and subdued markets. Despite this, the quality of earnings surged to AED 7 million. The company's corporate finance and advisory revenues increased by 149%, while financing revenues grew by 15%. The Group's Managing Director expressed satisfaction with the results, noting the robust increase in non-investment revenues and the company's resilience in dynamic market conditions.

The provided document from 2024 is from ALRAMZ, a company involved in asset management, corporate finance, brokerage, market making, and research. The document is intended for the information of the directors and management of the addressee. It is not to be quoted or referred to without prior written consent from ALRAMZ. The company also disclaims any responsibility to third parties in relation to the document. The content of the document pertains to a BNRC Meeting#2 of 2024, which took place on 25th March 2024.

Al Ramz Corporation Investment and Development PJSC has invited its shareholders to attend the Annual General Assembly Meeting (AGM) on 22 April 2024. The meeting will take place at the company's premises in Abu Dhabi or via remote presence technology. The agenda includes the appointment of the meeting secretary and vote collectors, review and approval of the company's financial reports for the fiscal year ended 31 December 2023, and consideration of a proposal to distribute cash dividends. Other items include the review of the Board of Directors' remuneration, potential removal or discharge of board members and auditors, reappointment of the External Auditors for 2024, voting for nominated Board of Directors for the new cycle ending in 2027, and delegating the board to allocate up to 1% of net profits to corporate social responsibility. Shareholders may attend in person or delegate a proxy to attend on their behalf.