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Al Ramz Corporation PJSC, a financial services provider in the UAE, reported a net profit of AED 40 million in 2023, a 22% YoY increase. Total revenues also rose to AED 119 million from AED 103 million in 2022. The board proposed a dividend of AED 0.06 per share for FY 2023. The company's net finance income also grew by 57% to AED 46 million due to increased demand in the securities margin market and strategic investment decisions. Mohammad Al Mortada Al Dandashi, Group Managing Director, emphasized the company's commitment to sustainable revenue generation, principled business practices, and digital transformation.
Amlak Finance P.J.S.C held a meeting on Monday, 26th February 2024, which started at 3:00 PM and ended at 5:00 PM. Six board members were present at the meeting, achieving a quorum of 86%. The board discussed normal business-related matters. The meeting was authorized by Lama Takieddin, the Head of Corporate Governance and Company Secretary.