DUBAI, UAE: Al Ramz Corporation Investment & Development (Al Ramz) has announced entering an advanced stage of negotiations to acquire an operational financial institution in UAE and is in the process of acquiring necessary approvals.
Al Ramz will keep its shareholders informed of developments in this regard as additional information emerges or as major actions are taken.
Al Ramz Corporation Investment and Development PJSC is a Dubai Financial Market listed company. Al Ramz offers a variety of financial products and services including asset management, corporate finance, market making, liquidity providing, brokerage, IPO management and research.
Al Ramz Corporation Investment and Development Company P.J.S.C. was acquired by Al Ramz Capital LLC, in a reverse merger transaction. Al Ramz Corporation Investment and Development Company P.J.S.C. does not have significant operations. The company focuses on investing and managing commercial, industrial, and agricultural enterprises. Previously, it was engaged in real estate development activities in the United Arab Emirates. The company was formerly known as Dubai Development Company (PSC) and changed its name to Al Ramz Corporation Investment and Development Company P.J.S.C. in February 2016. The company was incorporated in 1975 and is based in Dubai.[the_ad id=”31605″]