Rak Properties has designated Arqam Securities as a liquidity provider for his actions in the ABU Dhabi Stock Exchange (ADX).
ARQAAM Securities will actively manage liquuidity for RAK PROPERTIES actions maintaining bidirectional contributions within a structured mandate, and will also initiate research coverage in the company.
RAK PROPERTIES Improves access to investors
The measure will optimize the pricing of RAK PROPERTIES and the narrow IDB differentials, which guarantees an efficient trade. The ownership of Arqaam Securities in RAK Properties will not exceed 5 percent of the total shares that quote, which meets the ADX and SCA regulations.
Arqaam Securities is regulated by the Authority of Securities and Products of the EAU (SCA).
Liquuidity suppliers are regulated financial institutions that act as intermediaries in the stock markets. They buy large volumes of values ​​of the companies that emit them and then distribute the issue in lots to financial companies, which makes them directly avoidable to retail investors. Simultaneously buy and sell actions to ensure that you are always available at order.
Rak Properties movement is a strategic step to improve market depth and accessibility for institutional and retail investors. With the foreign property allowed up to 49 percent, the real estate company Ras al Khaimah said it remains to be committed to foster an active and liquid commercial environment.
Sameh Muhtadi, executive director of RAK PROPERTIES, commented: “Ensure that the liquuidity of the solid market is fundamental for our commitment to offer value to long -term shareholders.
“The association with Arqaam Securities, a recognized leader in the provision of liquidity, is aligned with our efforts to improve commercial efficiency and market accessibility for investors. As an increasing number of institutional and retail investors, not only the emirate of Ras al Khaimah, but also its main entities listed, is that the partners that we can participate with the partners that can support our growth objectives Friendly “.
Veselin Tilev, head of market manufacturing at Arqaam Securities, added: “We appreciate the trust in us the RAK properties and we hope to take advantage of our experience to improve blender and optimize the dynamics of the Arx market. Our stamping said, reinforcing the participation of investors with the actions of Rak Properties.”
Earlier This Year, RAK PROPERTIES ANNOUNCED RECORDES FOR FY2024, with at 40 per cent year-on-YEAR REVENU While net Profit Grew By 39 per Cent to AED281 Million ($ 276 million).
The company has established ambitious plans for 2025, focused on mine, its flagship destination. The first two projects within this launch plan, Mirasol and Skai, have been launched for great success in the first quarter.
