Union Properties Reappoints Al Ramz Capital as Liquidity Provider

Press release
Published March 14th, 2018 - 12:27 GMT
Mohammed Al-Murtada Al Dandashi, Managing Director of Al Ramz Corporation
Mohammed Al-Murtada Al Dandashi, Managing Director of Al Ramz Corporation

Al Ramz Capital, a subsidiary of Al-Ramz Corporation Investments and Developments PJSC, has been re-appointed as a Liquidity Provider for Union Properties Shares after obtaining the necessary approvals from Dubai Financial Market and signing the agreement.

A Liquidity Provider is appointed by a company with the sole objective of enhancing the liquidity of the underlying shares and increasing the frequency of transactions. The Liquidity Provider is independent of the company and has complete autonomy over trading. The LP will transact within pre-defined parameters that are agreed with the company. Some of the potential benefits to the issuer are an increase in price stability, lower trading costs, a reduction in the bid/ offer spread and the potential to increase the valuation metrics.

"We are very happy to have been reappointed by Union Property as Liquidity Provider. This is the second reappointment after Gulf Navigation and another testimony of the confidence our clients have in the services we provide. Union Properties now ranks in the top 5 companies across the UAE in terms of bid/ask spread, making the stock more attractive to retail and institutional investors in the region. We look forward to continuing the journey together to unlock the remaining illiquidity discount in this Share.  Being a premier provider of Liquidity Provision services in the region with active mandates to companies listed on the DFM and the ADX, has definitely brought increased liquidity to these companies and we look forward to sign up more corporates over the coming months." commented Mr. Mohammed Al-Murtada Al Dandashi, Managing Director of Al Ramz Corporation.

Background Information

Union Properties

Our story began with an epic and ambitious vision. From the beginning, we were fixated on the vision of becoming a pioneer in the property development sector. Over the years, we have grown to become one of the most trusted names in residential and commercial developments in the UAE.

Our properties represent our steady and ambitious confidence, bringing diversity and pioneering the future trends in the property development sector. Union Properties’ leadership in developing landmark projects in several sectors highlights an ambitious drive to build infinite possibilities and to cultivate connections across future generations. We see challenges as opportunities, catalysts for our success and sustainable growth.

Al Ramz Securities

Founded in 1998, Al Ramz is a UAE domiciled public joint stock company listed on Dubai Financial Market and regulated by the UAE Securities and Commodities Authority as well as the Dubai Financial Services Authority. Al Ramz is a premier financial institution providing a broad spectrum of services including asset management, corporate finance advisory, brokerage, lending and borrowing, market making, liquidity providing and research.

Since its inception, Al Ramz has played a prominent role in shaping the UAE’s financial markets and has earned multiple awards and accolades through its proven track record including the 2018 Banker Middle East Best Broker – Middle East as well as the 2018 Banker Middle East Best Market Maker - Middle East

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