Dubai – Mubasher: A direct deal was implemented on around 88.99 million shares of Al Ramz Corporation Investment and Development to record a total value of AED 51.2 million.

The price per share registered AED 0.575, according to the data released by DFM on Monday.

Through the direct deal, Sheikh Nahyan bin Zayed Al Nahyan has acquired about 17.54% of the company.

It is noteworthy to mention that in September, DFM announced a direct deal on 10 million shares of Al Ramz at a price of AED 0.55 per share.