Dubai – Mubasher: The Gulf’s largest healthcare and education investment company, Amanat Holdings, has appointed Al Ramz Capital to be the liquidity provider for its shares following the approval of the Dubai Financial Market (DFM).  

Al Ramz Capital will trade independently of Amanat within defined parameters of a mandate and in compliance with regulatory requirements; this shall be effective as of 14 January 2020, according to a statement to the DFM on Tuesday.

Commenting on the announcement, CEO of Amanat Holdings, Tristan de Boysson, said, “This mandate is testament to our continued efforts in creating shareholder value by enhancing the liquidity of Amanat shares, reducing the impact of volatility, and improving trading parameters for existing and potential investors.”

The CEO further noted, "This appointment will succeed the conclusion of the current mandate we have in place with Shuaa Capital International Ltd.” 

Moreover, chief operating officer (COO) of Al Ramz Capital, Ayman Ghoneim, added, “Amanat is joining a growing number of listed companies in the UAE taking advantage of this service offering, which emphasizes the company’s commitment to ensuring shareholder value and enhancement of liquidity on its shares."

It is worthy to mention that Al Ramz is a licensed market maker on the DFM, Abu Dhabi Securities Exchange (ADX), and Nasdaq Dubai with more than 20 years of experience in the Emirati capital markets.