Al Ramz Investment and Development P J S C : Preliminary financial results for the year of 2021
February 14, 2022 at 12:22 am EST
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Date: 13 February 2022
Al Ramz Corporation Investment & Development PJSC
Preliminary Result for the year ended 31 December 2021
First - General Information:
Name of the company:
Al Ramz Corporation Investment & Development PJSC
Date Establishment:
25 June 1975
Paid up capital:
AED 549,915,858
Subscribed capital:
AED 549,915,858
Authorized capital:
AED 549,915,858
Chairman of the Board:
Mr. Dhafer Sahmi Al Ahbabi
Managing Director:
Mr. Mohammed Al Mortada Al Dandashi
External auditor:
Ernst & Young
Mailing address:
P.O. Box 121200
Dubai
United Arab Emirates
Tel: +97126262626
Fax: +97126262444
Email:
IR@alramz.ae
Second - Preliminary Results:
2021
2020
Total Assets (AED'000)
1,040,916
895,427
Net assets (AED'000)
475,317
466,868
Net Revenue (AED'000)
95,695
62,796
Net Profit for the year (AED'000)
53,991
(10,871)
Earnings per share (AED)
0.098
(0.020)
Third: Performance Highlights:
AED'000
2021
2020
Net commission income
43,547
15,841
Corporate finance and other income
34,031
27,349
Investment gain / (loss), net
25,253
(31,011)
Summary of the Company's performance for 2021:
Non-investmentrevenues of AED 105 million, increased by 38% over 2020.
Net investment gain of AED 25 million, increased by 181% over 2020.
Net profit of AED 54 million, increase of AED 64.8 million over 2020.
_______________________________________
Mohammad Al Mortada Al Dandashi
Managing Director
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Dubai Development Company PSC published this content on 14 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2022 05:21:06 UTC.
Al Ramz Corporation Investment and Development PJSC is an United Arab Emirates-based company, which invests and manages commercial, industrial and agricultural enterprises. The Company also provides brokerage services, including brokerage in selling and buying shares, margin trading, as well as to perform all related transactions and activities. It offers market making solutions, including liquidity services to listed companies, stock borrow and loans, and dividend arbitrage. The Company operates inside of the country.
AL RAMZ CORPORATION INVESTMENT AND DEVELOPMENT 
