Dubai – Mubasher: The board of Al Ramz Corporation Investment and Development has approved acquiring a non-banking financial firm.
The company will provide any further developments in due course, according to a bourse statement on Monday.
In November, Al Ramz Corporation announced that it will offer the units of its Sky One, the sole UAE Dirham Money Market Fund, for public subscription in the UAE in local currency in the coming period.
It is noteworthy that during the first nine months of 2019, the company achieved a net profit of AED 3.9 million, down from AED 29.8 million in the same nine-month period in 2018.
