Dubai – Mubasher: The Muscat Stock Exchange (MSX) granted Al Ramz Corporation Investment and Development a market maker licence to support its regional expansion strategy, according to a press release.
This move anchors Al Ramz’s position as a key enabler of market efficiency in the GCC, bringing its proven market-making expertise to Oman. It will back MSX’s liquidity enhancement goals under Oman Vision 2040.
Karim Shoeib, Group CEO of Investment Banking at Al Ramz, stated: “Expanding our market-making operations into Oman is a strategic step in our broader mission to strengthen our presence across the GCC.”
“This expansion is aligned with Oman Vision 2040’s commitment to developing capital markets and fostering financial sustainability,” Shoeib added.
He noted: “By optimising order flow, enhancing price discovery, and reducing volatility, we aim to drive market efficiency while ensuring responsible market practices.”
Al Ramz will leverage insights from its governance leadership in liquidity provision to bolster ethical and sustainable financial markets while ensuring transparency, market stability, and regulatory alignment.
It aims to scale its regional operations across market making, asset management, brokerage, and corporate finance, reinforcing its leadership in the GCC’s financial ecosystem.
In the ninth-month period that ended on 30 September 2024, the DFM-listed company recorded net profits worth AED 9.20 million, compared with AED 21.62 million a year earlier.
