A Liquidity Provider is appointed by a publicly listed company to enhance the liquidity of its shares by reducing the bid/ask spread and maintaining a consistent presence on the shares.
This allows sellers and buyers to find orders on the order book on a consistent basis to meet their liquidity needs. This will in turn reduce volatility and enhance shareholder value by promoting orderly markets on the trading of the shares. As a licensed active market maker on DFM, ADX and Nasdaq Dubai, Al Ramz brings over 20 years’ experience in the UAE Capital markets to offer this valuable service offering.
On this occasion, H.E. Khalifa Al Mansouri, Acting Chief Executive of ADX, said: “We are happy to welcome Al Ramz Capital as a liquidity provider in Abu Dhabi Securities Exchange. We are confident that having Al Ramz as a liquidity provider will add quality to market transactions in the coming period. Giving Al Ramz the liquidity provision license adds to the achievements of ADX, the last one being the initiation of technical short selling service, which ADX was the first financial market in the region to launch. The launched services meet the Exchange’s disclosure and transparency requirements and guarantee the delivery of information to shareholders and investors directly in a short period. The variety of services that ADX has to offer adds to market depth and to ability of creating a more competitive market. ADX is committed to Abu Dhabi’s development plan through expanding the variety of services offered, improving the financial sector in the emirate, and creating a competitive business environment in Abu Dhabi.”
Mr. Ahmad Ali Al Nuaimi, General Manager of RAKCC stated “We are pleased to appoint Al Ramz Capital as Liquidity Provider, we are confident Al Ramz exceptional financial expertise and technological tools will deliver our objectives to our shareholders. We would like to thank the ADX for granting us this tool to enhance the trading on our shares and add value to our shareholders. This is another great advancement in promoting the UAE capital markets and keep them competitive globally.”
“We are very happy to have been appointed by Ras Al Khaimah Cement Company as Liquidity Provider. RAKCC is joining a growing group of listed companies in the UAE taking advantage of this service offering in the UAE capital markets. The shareholders of RAKCC will be pleased to know that their company is ensuring orderly markets on its shares enhancing liquidity and therefore enhancing shareholder value.” commented Mr. Ayman Ghoneim, Chief Operating Officer of Al Ramz Capital.