Abu Dhabi: Al Ramz Capital LLC announced today its appointment, as a liquidity provider for ADNOC Drilling Company PJSC, the Abu Dhabi-listed largest drilling and well completions company in the Middle East by fleet size, owning and operating one of the largest multi-discipline drilling fleets in the world (ADX: ADNOCDRILL). Following regulatory approvals, Al Ramz will commence independent trading of ADNOC Drilling Company PJSC shares within specified parameters and in adherence to regulatory guidelines on 18July 2024.

Al Ramz is a licensed market maker on the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) with more than 25 years’ experience in UAE capital markets.

A listed company appoints a liquidity provider to optimize share trading by enriching the order book, minimizing trading spreads, reducing price volatility and augmenting trading volume.

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.

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ABOUT AL RAMZ

Founded in 1998, AI Ramz is a UAE domiciled public joint stock company listed on the Dubai Financial Market and regulated by the UAE Securities and Commodities Authority and the Dubai Financial Services Authority. Al Ramz provides a broad spectrum of services including asset management, corporate finance, brokerage, security margins, market making, liquidity providing, public offering management and financial research.

Al Ramz Capital LLC
Level 9, Rolex Tower
Dubai, United Arab Emirates