Official name
Al Ramz Corporation Investment and Development PJSC
DFM · ALRAMZ
Al Ramz Corporation Investment and Development PJSC
- Research depth
- Detailed review in preparation
- Sector lens
- Financial services and insurance
- Reporting context
- FY2025 audited consolidated; Q1 2026 reviewed IAS 34
Company overview
- Exchange
- DFM
- Ticker
- ALRAMZ
- ISIN
- AED000801012
- Market identifier code (MIC)
- XDFM
- Stable research ID
- DFM-ALRAMZ
- Industry evidence
- Capital-markets brokerage, margin lending, market making, asset management and corporate finance
- Instrument type
- Listed equity
- Research status
- Detailed review in preparation
- Latest financial period
- FY2025 audited consolidated; Q1 2026 reviewed IAS 34
- Identity evidence checked
- 2026-08-11
- Identity checked
- Identity revalidation is due; this dated record is not proof of current listing status
- Listing lifecycle
- Primary active route confirmedA dated identity record does not prove the current listing state after its verification date.
Issuer participationProfile foundation available
Al Ramz Corporation Investment and Development PJSC · What the issuer can provide
- business and research review
- current identity confirmation
Why this company is in the directory
Coverage follows a reconciled listed-security identity and dated evidence. Inclusion describes research scope only; it is not a ranking, recommendation or claim of complete financial coverage.
- Identity reconciliation
- Official exchange route verified before public inclusion
- Current public research layer
- Company profile published · detailed review in preparation
- Evidence boundary
- Identity record checked: 2026-08-11
Company evidence map
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Identity-only public coverage; no completed research review is claimed.Stale
Open the Company BriefListed-security identity
Revalidation is due; the dated record is not proof of current listing status.
Checked: 2026-08-11→AvailableIssuer profile
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→AvailableSource documents
3 source documents are linked to public facts.
→MissingCompany activity
No linked activity currently passes every public source-document check.
→AvailableOfficial sources
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→Public identity dossier
Verified listing identity
The fields below come from the current public company registry and any human-published issuer profile. Empty issuer-contact fields stay visibly missing until source and publication-rights review are complete.
- Official listed name
- Al Ramz Corporation Investment and Development PJSC Available
- Exchange
- DFM Available
- MIC
- XDFM Available
- Ticker
- ALRAMZ Available
- ISIN
- AED000801012 Available
- Instrument
- Listed equity Available
- Sector
- Financial services and insurance Available
- Industry
- Capital-markets brokerage, margin lending, market making, asset management and corporate finance Available
- Identity checked
- 2026-08-11 Available
- Official website
- Missing Missing
- Investor relations
- Missing Missing
- Registered address
- Missing Missing
- Public contacts
- Missing Missing
Company activity context
Only exact-security, human-published activity that passes every public source-document check can appear here.
No linked update currently passes every public gate.
Open the full chronologyPublic identity passport
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Ticker
ALRAMZ
Exchange and MIC
DFM · XDFM
ISIN
AED000801012
Instrument type
Listed equity
Sector and industry
Financial services and insurance · Capital-markets brokerage, margin lending, market making, asset management and corporate finance
Listing status
Primary active route confirmed
Official website
Not available in the public evidence layer
Investor relations
Not available in the public evidence layer
Registered address
Not available in the public evidence layer
Public email
Not available in the public evidence layer
Public phone
Not available in the public evidence layer
Business description
Not available in the public evidence layer
Verified issuer profile
A verified public issuer profile has not been published yet.
Business model
Al Ramz earns brokerage commissions, interest on securities-backed client margin loans, market-making/liquidity-provision income, asset-management fees, corporate-finance/advisory fees and proprietary investment gains. Client deposits and fiduciary AUM are not shareholder cash/assets. Economics depend on client trading, margin balances and collateral, funding spreads, AUM and fee rates, mandates, capital-market activity, market volatility, regulatory capital and risk controls.
Al Ramz — the broker that became a lender against shares
Commissions stopped being the main engine some years ago
Between FY2021 and FY2025 net finance income from margin lending rose from AED 22.057 million to AED 55.780 million, while net commission income was still lower in FY2024, at AED 27.656 million, than the AED 43.547 million earned in FY2021 before recovering to AED 51.352 million. Al Ramz today earns more from financing its clients' share purchases than from executing them. That reclassifies the risk: an agency broker fails when volumes dry up, a securities lender fails when collateral prices fall and borrowers cannot repay at the same moment.
Five clients hold more than half the loan book
At FY2025 gross margin receivables were AED 561.525 million and the five largest customers accounted for 55% of them, roughly AED 308.839 million. Loans are typically sanctioned near 50% loan-to-value, minimum collateral eligibility is 125% and foreclosure procedures begin near 75%. Aggregate pledged securities were worth AED 2,367.431 million at year-end, or 421.61% of the loans. Three months later receivables had grown 26.45% to AED 709.899 million while pledged collateral had fallen to AED 2,138.839 million, cutting cover to 301.29%. Related-party margin and trade receivables rose from AED 45.195 million to AED 61.483 million and the interim note describes those balances as unsecured with no impairment recognised. The recorded margin loss allowance was AED 0.128 million after a combined AED 10.950 million write-off.
Earnings that move in waves, not in a line
Total net income ran AED 124.888 million, AED 103.416 million, AED 118.684 million, AED 99.864 million and AED 159.382 million across FY2021 to FY2025, up 27.6% end to end but below the first year in three of the five. Profit followed the same pattern: AED 54.515 million, AED 32.492 million, AED 39.671 million, AED 15.951 million and AED 48.257 million. Operating cash flow was wilder still — positive AED 86.335 million, then negative AED 36.659 million and negative AED 141.548 million, then negative AED 1.015 million, then positive AED 203.337 million — because it absorbs margin drawdowns and exchange settlement balances. Q1 2026 brought income of AED 41.578 million and profit of AED 12.082 million, up 35.82% and 79.68%, with total assets of AED 1,931.797 million and equity of AED 595.220 million.
A billion of cash that cannot be spent
Reported cash at 31 March 2026 was AED 1,032.144 million, but AED 670.299 million of it sat in segregated client accounts usable only to settle client trades. Measured against AED 612.916 million of short-term borrowings, the AED 361.845 million left outside those accounts leaves AED 251.071 million of corporate net debt, up from AED 123.956 million at year-end. The FY2025 maturity table showed AED 971.373 million of AED 971.981 million total undiscounted liabilities falling due inside three months, and the revolving facility of AED 359 million carried a 90-day term. A 100 basis-point rate move was disclosed as worth AED 5.7 million of profit.
One hundred and ninety-six shareholders
The governance report counts 196 shareholders, with nine of them holding 96.25% of the shares and five disclosed holders above 5% together owning 64.5898%. The board has seven members, five of them independent, and an audit committee of three independent non-executives. EY signed an unmodified FY2025 opinion naming commission and margin-finance revenue recognition as the key audit matter; non-audit fees were 22.99% of audit fees. The AGM of 22 April 2026 approved AED 38.494 million, seven fils a share, paid on 18 May, which is 79.77% of the year's profit.
The gaps that remain in this file
Fiduciary assets are reported twice and differently: AED 1,526.710 million in the reviewed accounts against AED 1.45 billion in the quarterly press release, and no reconciliation is offered. Market making is described by turnover only — AED 4.203 billion bought and AED 4.200 billion sold in the quarter — never by revenue or profit. The single-segment presentation isolates no brokerage, lending, advisory or asset-management result. Current borrower-level loan-to-value, arrears, forced-liquidation history, brokerage market share and per-trade fee rates are absent.
Key reported figures
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | 124.888 | 103.416 | 118.684 | 99.864 | 159.382 |
| Profit Owners | 54.515 | 32.492 | 39.671 | 15.951 | 48.257 |
| Total Assets | 1526.115 | 1605.237 | |||
| Equity Owners | 534.881 | 583.138 | |||
| Operating Cash Flow | 86.335 | -36.659 | -141.548 | -1.015 | 203.337 |
| Revenue | 41.578 | ||||
| Profit Owners | 12.082 | ||||
| Gross Debt | 612.916 | ||||
| Cash | 361.845 | ||||
| Net Debt | 251.071 | ||||
| Restricted Or Escrow | 670.299 | ||||
| Revenue Pct | 27.6 | ||||
| Assets Pct |
An empty cell means the issuer did not report a value for that field.
Physical assets
- net margin loans 709.891 at 31 March 2026, up 26.45% in one quarter from 561.397
- pledged quoted securities 2,138.839 at 31 March 2026 against 2,367.431 at year-end; cover fell from 421.61% to 301.29%
- market-making turnover in Q1 2026: purchases 4,203 and sales 4,200
- fiduciary assets under management 1,526.710 at 31 March 2026 against 733.077 at FY2024
- segregated client bank accounts 670.299 inside reported cash of 1,032.144
- lending policy: sanction near 50% loan-to-value, minimum collateral eligibility 125%, foreclosure near 75%
- trading app: over 500,000 downloads and around 20,000 active users, per management
- ADX market-maker paid-capital minimum of 30 reported as met
Group entities
- Al Ramz Capital LLC — brokerage
- ARAM Capital Partners Ltd
- ARC Investment LLC, ARC Real Estate LLC, ARC Properties LLC
- one dormant brokerage licence entity
- Summit Investment Holdings 17.7842%, Sheikh Nehayan Bin Zayed Al Nehayan 17.5469%, Mohammad Mortada Al Dandashi 15.8734%, Al Wathba National Insurance 8.1157%, Dhafer Al Ahbabi 5.2696%
Geographic footprint
- UAE — the accounts present one brokerage and money-markets segment
- the platform offers access to regional and United States markets
How to read this company's economics
Numerical values remain in the separate source-document checkHow the operating model becomes revenue and cash
A financial institution can earn from lending or financing, exchange, brokerage, asset management, investment holdings, transaction fees or capital markets. Each activity carries a different balance-sheet and regulatory perimeter.
Five questions before reading the headline
1. What created demand?
Identify the exact fee, spread, asset, transaction or investment exposure creating income.
2. What was actually delivered?
Separate client activity, assets under management and proprietary balance-sheet exposure.
3. What determines the margin?
Reconcile recurring fees and spreads with fair-value, realised and one-off gains.
4. Where is cash tied up?
Trace liquidity, receivables, client money, funding, leverage and regulatory capital.
5. What must be funded next?
Read growth against licences, risk limits, capital needs and the exact legal entity.
Official-source snapshot
What the company does and where to verify it
A manually reviewed, paraphrased snapshot from issuer and official market records. Each field keeps its exact source and verification date.
No public snapshot has passed this separate review yet.
Official website, investor-relations, market-record and public contact fields remain unavailable here until their exact source, current value and reuse boundary are reviewed. Nothing is inferred from aggregators or another company.
Capital-markets analytical model
The metrics below define the correct analytical lens for this business model. They contain no company values: a value appears only after official-document provenance and editorial verification.
- Market activity or AUM
- Trading value, transactions, listed activity or assets under management on the issuer-defined basis.
- Fee revenue mix
- Trading, clearing, custody, brokerage, management and advisory fees kept separate from investment returns.
- Client asset segregation
- Client cash, securities and fiduciary assets kept outside shareholder liquidity and proprietary AUM.
- Regulatory capital and liquidity
- Capital, liquidity and margin requirements for the exact licensed entity and reporting date.
- Operating leverage
- Revenue sensitivity to activity and fee schedules relative to fixed technology, people and regulatory costs.
What changed
Full company chronologyVerified company activity
Only exact-security activity that passes the automatic source, locator, date and localization gates is shown. Exceptions remain unpublished. Each date keeps its lifecycle meaning.
No linked activity currently passes every public source-document check.
Sources
Identity evidence
- Identity evidence
- Exchange-hosted evidence
- Identity record checked
- 2026-08-11
- Evidence host
- www.dfm.ae
Research collections
This company appears in the dated public collections below. Membership describes coverage and evidence context; it is not a ranking or recommendation.
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Public profiles with canonical exchange DFM.
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Identity revalidation due
Dated public identity checks earlier than 18 August 2026; this does not assert current listing status.
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Research products
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