Al Ramz given sec lending licence from ADX
06 July 2018 Abu Dhabi
Image: Shutterstock
Al Ramz Capital, a subsidiary of Al Ramz Corporation Investments and Developments PJSC, has obtained a licence for securities lending and borrowing from the Abu Dhabi Securities Exchange (ADX).
Al Ramz Capital recently became the first member of the Dubai Financial Market (DFM) to be given a DFM accreditation to provide a regulated short selling (RSS) service to its client base back in February of this year.
The DFM launched the RSS service back in December after it was given approval by the Securities and Commodities Authority.
Commenting on the new securities lending licence, Ayman Ghoneim, COO of Al Ramz Capital, said: “Securities lending and borrowing enhances liquidity and investor returns while at the same time elevating the development of markets by providing advanced financial instruments that enable investors to do more.”
He added: “We are proud to continue to have an active role in the development of our financial markets.”
Al Ramz Capital recently became the first member of the Dubai Financial Market (DFM) to be given a DFM accreditation to provide a regulated short selling (RSS) service to its client base back in February of this year.
The DFM launched the RSS service back in December after it was given approval by the Securities and Commodities Authority.
Commenting on the new securities lending licence, Ayman Ghoneim, COO of Al Ramz Capital, said: “Securities lending and borrowing enhances liquidity and investor returns while at the same time elevating the development of markets by providing advanced financial instruments that enable investors to do more.”
He added: “We are proud to continue to have an active role in the development of our financial markets.”
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