Watania International Holding (DFM: WATANIA), a leading investment holding company overseeing a portfolio of established Takaful providers and innovative investments, has announced the appointment of Al Ramz Capital LLC as its new liquidity provider. The announcement came on August 14, 2024, and marks a significant step for both companies in enhancing market dynamics and investor confidence.

Following regulatory approvals, Al Ramz will commence independent trading of Watania International Holding shares within specified parameters and in adherence to regulatory guidelines starting August 15, 2024. Al Ramz is a licensed market maker on the Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX) with over 25 years of experience in UAE capital markets.

Al Ramz will play a pivotal role in optimizing share trading for Watania by enriching the order book, minimizing trading spreads, reducing price volatility, and augmenting trading volume to reduce the intrinsic value gap. This move is expected to foster a more dynamic and transparent trading environment, encouraging greater participation in the trading of Watania's publicly listed shares on the Dubai Financial Market.

Mr. Gautam Datta, CEO of Watania International Holding, expressed his optimism about the new partnership, stating, We are pleased to appoint Al Ramz Capital as our new liquidity provider. This appointment is underpinned by our strategic focus to maintain growth in financial and operational performance. It also aligns with our ongoing drive to strengthen WIH's market positioning and investor confidence.

Mr. Karim Schoeib, CEO of Al Ramz Capital LLC, also shared his enthusiasm, saying, We are pleased to announce our appointment as the liquidity provider for Watania International Holding. This appointment stands as a testament to our ability to deliver tangible results while upholding the highest standards of governance and transparency. Al Ramz will diligently facilitate a healthy order book, fostering optimal trading conditions and enhancing trading spreads.

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, and the Nasdaq Dubai.

Given the strategic importance of this partnership and the proven track record of Al Ramz in enhancing market liquidity, investors should consider holding their positions in Watania International Holding. The collaboration is poised to create sustainable value for shareholders, making it a prudent decision to wait and observe the positive impacts of this new development.