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Al Ramz Capital PJSC has renewed its role as a liquidity provider for United Arab Bank (UAB) PJSC shares, following regulatory approval. From March 7, 2024, Al Ramz will independently trade UAB shares within set parameters, in line with regulatory requirements. The role of a liquidity provider is to enhance share trading by maintaining tight bid/ask spreads, increasing traded volume, reducing volatility, and thus lowering the overall liquidity risk of the stock. Al Ramz, a licensed market maker with over 20 years of experience in UAE capital markets, is committed to delivering a healthy and consistent level of trading for UAB.
The Chairman's report and consolidated financial statements for the National Corporation for Tourism and Hotels for the year ended 31 December 2023 have been released. The report provides an overview of the corporation's financial performance and operations for the year.
Mashreq Bank P.S.C has invited shareholders to attend its annual general assembly meeting on 7th March 2024, at the bank's headquarters in Dubai or virtually. The agenda includes authorizing the appointment of a meeting secretary and vote collector, reviewing and approving the bank's financial reports for the year ended 31 December 2023, considering the distribution of a cash dividend, approving the remuneration of the Board of Directors, discharging or dismissing board members and auditors, and electing new board members for the term 2024-2027. Shareholders will also note the amount of Zakat for the Islamic Window of the Bank for the year 2023. The bank has also provided guidelines for electronic registration, delegation of representation, and voting rights. The meeting will be recorded and shareholders are entitled to discuss agenda items and ask questions.