Al Ramz Corporation purchases 2mln shares in subscribed capital

Representing 0.38% of its subscribed capital

Dubai – Mubasher: Al Ramz Corporation Investment and Development has purchased 2.08 million shares, representing 0.38% of its subscribed capital.

The purchase price of each share is valued at AED 0.55, according to the company's disclosure to the Dubai Financial Market (DFM) on Thursday.

The transaction was executed through Al Ramz Capital.

Meanwhile, 52.9 million shares remain to be purchased as per the approval of the Securities and Commodities Authority (SCA).

It is noteworthy to mention that in November 2020, a direct deal was implemented on around 88.99 million shares of Al Ramz to record a total value of AED 51.2 million.

Source: Mubasher

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