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01 january 2014
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Al Ramz Corporation Investment and Development PJSC

ALRAMZ
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  • Market: DFM
  • Symbol: ALRAMZ
  • ISIN: AED000801012
  • Sector: Invest. & Fin. Services

Company Brief

Country of Origin: United Arab Emirates (U.A.E)

Al Ramz Corporation Investment and Development PJSC is a limited liability company which was originally incorporated in Dubai on 21 June 1975 by an Emiri Decree and it became a public shareholding company in 1997, in accordance with the UAE Federal Law No. (8) Of 1984 (as amended).

The Company was incorporated for a period of 30 years which were completed on 20 June 2005. The shareholders have decided to extend the duration of the Company by 50 more years.

Key Facts

ESTABLISHED

Jun 25, 1975

AUDITOR

Ernst & Young

FISCAL YEAR END

DECEMBER

Board Members

DEPUTY

Mr. Dhafer Sahmi Jaber Mufreh AlAhbabi

MEMBERS
H.E. Hamad Rashed Nehail Alneaimi
H.E. Ali Saeed Bin Harmal Al Dhaheri
Mr. Mohammad Almortada Mohammad Aldandashi
Mr. Abdulla Saeed Eid Saeed Alghafli
Mr. Nasser Saidi
Mr. Anthony Mallis

Top Management

 

Equity Profile

DATE OF LISTING

Mar 5, 2007

SECTOR

Invest. & Fin. Services

AUTHORIZED CAPITAL:

549,915,858.00 AED

ISSUED SHARES

549,915,858.00

PAR VALUE SHARE

1.00 AED

Contact Details

Head Office

Dubai - Abu Dhabi.

Address

P.O BOX: 32000- Abu Dhabi ,U.A.E.

Phone No.

+971 2 6262626

Fax No.

+971 2 6262444

Email address:

info@alramz.ae

Showing Last 10 Disclosures - ALRAMZ View all
ALRAMZ 09-11-2017 10:16 AM

Results of BOD meeting including interim condensed consolidated financial statements for the 3rd QTR of 2017

2 File(s)
ALRAMZ 02-11-2017 02:58 AM

BOD meeting

1 File(s)
ALRAMZ 01-11-2017 08:58 AM

Resolutions of General Assembly

1 File(s)
ALRAMZ 31-10-2017 09:47 AM

Resolutions of General Assembly

1 File(s)
ALRAMZ 24-10-2017 08:44 AM

Nominees for Board of Directors membership

1 File(s)
ALRAMZ 10-10-2017 09:12 AM

Opens the nominations for BOD membership

1 File(s)
ALRAMZ 10-10-2017 09:10 AM

Invitation of General Assembly

1 File(s)
ALRAMZ 05-10-2017 08:39 AM

Results of BOD meeting including the date of General Assembly

1 File(s)
ALRAMZ 02-10-2017 09:09 AM

Resignation of Chairman

1 File(s)
ALRAMZ 02-10-2017 08:54 AM

BOD meeting

1 File(s)
Showing Last 10 Issuer News - ALRAMZ View all
ALRAMZ 16-10-2017 08:37 AM

Press release

1 File(s)
ALRAMZ 14-07-2016 02:57 AM

Notification from the company

1 File(s)
Showing Last 10 Financial Reports - ALRAMZ View all
ALRAMZ 30-09-2017 10:30 AM

Financial statements for the 3rd QTR of 2017

1 File(s)
ALRAMZ 30-06-2017 10:30 AM

Financial statements for the 2nd QTR of 2017

1 File(s)
ALRAMZ 15-05-2017 07:57 AM

Financial statements for the 1st QTR of 2017

1 File(s)
ALRAMZ 01-03-2017 12:57 AM

Financial statements for the year of 2016

1 File(s)
ALRAMZ 30-09-2016 11:47 AM

Financial statements for the 3rd QTR of 2016

1 File(s)
ALRAMZ 30-06-2016 12:15 AM

Financial statements for the 2nd QTR of 2016

1 File(s)
ALRAMZ 01-05-2016 02:43 AM

Financial statements for the 1st QTR of 2016

1 File(s)
ALRAMZ 07-04-2016 02:45 AM

Financial statements for the year of 2015

1 File(s)
ALRAMZ 09-11-2015 03:42 AM

Financial statements for the 3rd QTR of 2015

1 File(s)
ALRAMZ 14-07-2015 04:00 AM

Financial statements for the 2nd QTR of 2015

1 File(s)
Showing Last 10 General Meetings - ALRAMZ View all
Meeting Date/TimeOct 31, 2017 04:00:00 PMType of MeetingGeneral Assembly
Net Profit/Loss 58,690,207Cash Dividend
Bonus Share
Announcements/Resolutions

1. It was resolved by a special resolution to amend the Memorandum of association article (16) by increasing the Board Member to seven Members.

2. Approved the election of four Board Member, the following candidates received the highest votes to complete BOD term:

  • HE. Hamad Rashed Nehail Alneaimi

  • HE. Ali Saeed Bin Harmal Al Dhaheri

  • Mr. Nasser Saidi

  • Mr. Anthony Mallis

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueAbu Dhabi - Reem Island - Sky Tower - 22nd Floor
1 File(s)
Meeting Date/TimeApr 12, 2017 12:00:00 AMType of MeetingGeneral Assembly
Net Profit/Loss58,690,207Cash Dividend5
Bonus Share
Announcements/Resolutions

1.     Approved the Board of Directors’ report regarding the Company’s activities and its financial position for the financial year ending 31/12/2016.

2.      Approved the external auditor report for the financial year ending 31/12/2016.

3.      Approved the balance sheet and the profit and loss account of the Company for the financial year ending 31/12/2016.

4.      Discharge the Board of Directors members from their liabilities for the financial year ending 31/12/2016.

5.   Discharge the external auditors from their liabilities with respect to their work for the period ending 31/12/2016.

6.   To appoint Ernst & Young as the auditors of the Company for the year 2017 and determine their remuneration.

7.      Approved the proposal of the Board of Director to distribute 5% of the paid up capital as dividend.

8.      Approved the proposal of the Board of Director remuneration.

9.     Approved Investing up to 35 % of the capital with Al Ramz Capital LLC, one of the subsidiaries company. This item was added based on the request of some shareholders holding more than 10% of the company`s capital

Last Date For Dividend EntitlementWednesday, April 19, 2017Ex-Dividend DateThursday, April 20, 2017
Register Closing (Settlement) DateMonday, April 24, 2017Trading Suspension Date
Trading Resuming DateDividends Payment DateMonday, May 08, 2017
Payment EntityMeeting VenueFourseason Abu Dhabi
1 File(s)
Meeting Date/TimeApr 27, 2016 04:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss(132,429)Cash Dividend
Bonus Share
Announcements/Resolutions
  1. To approve the Board of Directors’ report regarding the Company’s activities and its financial position, the report ofthe auditors, the balance sheet and the profit and loss account of the Companyfor the financial year ending 31/12/2015.

  2. To discharge the members of the Board ofDirectors and the auditors from their liability with respect to their work for the period ending 31/12/2015.

  3. To appoint Ernst & Young as the auditors of the Company for the year 2016 and determine their remuneration.

  4. To approve, by a special resolution, to increase the issued share capital of the Company by a maximum amount of 600,000,000 AED (Six Hundred Million Dirhams) for the purpose of acquiring AlRamz Capital LLC,  to delegate to the Board of Directors the power to acquire approximately 100% of the shares of AlRamz Capital LLC, to delegate to the Board of Directors the power to determinethe final value of the capital increase in light of the valuation carried out by the independent valuator appointed by the Securities and Commodities Authority (SCA) and the final value approved by the Securities and Commodities Authority following the valuation. The General Assembly also approved that the current shareholders of the Company who are partners in Al Ramz Capital LLC will subscribe to the capital increase through an in-kind contribution, being their shares in Al Ramz Capital LLC, while the remaining shareholders, holders of approximately 20% of the shares of the Company, and who are willing to subscribe, will do so incash; provided that cash shares to be cancelled if not subscribed for by the shareholders other than Al Ramz Capital shareholders, and to delegate  to the Board of Directors the power to carry  out all the procedures and take all  the decisions it deems fit at its discretion in respect to the capital increase , the  acquisition and their implementation; to amend the articles of association of theCompany  to reflect the increase of the issued share capital and fix the amount of  the authorized share capital at the double of the amount of the issued share capital, and to authorize the Board of Directors to delegate to one or more of its members the power to sign on behalf of the Company on all documents pertaining to the capital increase and the acquisition. Kindly note that shareholders who are partners in AlRamz Capital LLC, and who will assign their shares in Al Ramz Capital LLC as anin-kind contribution in the capital increase, abstained from voting on the Board of Directors’ proposal in this respect as they have a conflict of interest.
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueRosewood Hotel
1 File(s)
Meeting Date/TimeApr 15, 2013 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss(347,132)Cash Dividend0%
Bonus Share0%
Announcements/Resolutions

The ratification of the Board of Directors for the financial year ended 31/12/2012
The ratification of the auditors' report for the financial year ended 31/12/2012
The ratification of the company's balance sheet and profit and loss account for the financial year ended 31/12/2012
Assigned to the company's auditors for the fiscal year ending 12/31/2013 and determine their remuneration
Discharge of the members of the Board of Directors and auditors for the financial year ended 31/12/2012

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueCrowne Plaza - Dubai
1 File(s)
Meeting Date/TimeApr 18, 2012 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss127,989.00 AEDCash DividendN/A
Bonus ShareN/A
Announcements/ResolutionsApproved the Board of Directors report on the activity of the company and its financial position during the year ended 31/12/2011 and hear the auditor's report- Approved Company's balance sheet and profit and loss account- Appointment of auditors for 2012 and determine their fees - Discharge of the members of the Board of Directors and the auditor of the responsibility or the responsibility to raise the report, as the case
Last Date For Dividend EntitlementN/AEx-Dividend DateN/A
Register Closing (Settlement) DateN/ATrading Suspension Date19/04/2012
Trading Resuming Date19/04/2012Dividends Payment Date
Payment EntityMeeting VenueCrowne Plaza - Muraqqabat Deira - Dubai
1 File(s)
Meeting Date/TimeApr 18, 2011 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 578,276Cash Dividend
Bonus Share
Announcements/Resolutions- Approved the report of the BOD report for the year ended 31/12/2010 - Approved balance sheet and the Income Statement of the company for the year ended 31/12/2010- Approved not to distribute dividends - Absolved the members of the Board of Directors from responsibilities for the year ended 31/12/2010 – Approved to appoint auditors for the Financial Year 2011 and approved their fees
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date18/04/2011
Trading Resuming Date19/04/2011Dividends Payment Date
Payment EntityMeeting VenueCrown Plaza Hotel
Meeting Date/TimeApr 20, 2010 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 595,668Cash Dividend
Bonus Share
Announcements/Resolutions- Approved the report of the BOD report for the year ended 31/12/2009 - Approved balance sheet and the Income Statement of the company for the year ended 31/12/2009- Absolved the members of the Board of Directors from responsibilities for the year ended 31/12/2009 – Approved to appoint auditors for the Financial Year 2010 and approved their fees – Approved to appoint BOD members for the next 3 years
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date20/04/2010
Trading Resuming Date21/04/2010Dividends Payment Date
Payment EntityMeeting VenueRenaissance Hotel
Meeting Date/TimeApr 20, 2009 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 374,834Cash Dividend
Bonus Share
Announcements/Resolutions- Approved the report of the BOD report for the year ended 31/12/2008 - Approved balance sheet and the Income Statement of the company for the year ended 31/12/2008- Absolved the members of the Board of Directors from responsibilities for the year ended 31/12/2008 – Approved to appoint auditors for the Financial Year 2009 and approved their fees
Last Date For Dividend EntitlementN/AEx-Dividend DateN/A
Register Closing (Settlement) DateN/ATrading Suspension Date20/April/2009
Trading Resuming Date21/April /2009Dividends Payment DateN/A
Payment EntityN/AMeeting VenueRenaissance Hotel
Meeting Date/TimeMar 25, 2008 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 769,879Cash Dividend
Bonus Share
Announcements/Resolutions- الموافقة على تقرير مجلس الإدارة عن نشاط الشركة عن السنة المالية المنتهية في 31/12/2007 - المصادقة على الميزانية العمومية و الحسابات الختامية للشركة عن السنة المالية المنتهية في 31/12/2007 الموافقة على تعين مراقبي الحسابات لعام 2008 و تحديد أتعابهم - إبراء ذمة أعضاء مجلس الإدارة
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueRenaissance hotel
1 File(s)
Meeting Date/TimeApr 30, 2007 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 310,604Cash Dividend
Bonus Share
Announcements/Resolutions- Approving the BOD report and auditors report - Appointing auditors for the year 2007 - Approving the auditors report, the balance sheet and the profit & loss statement of the company for the year 2006
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueRenaissance Hotel
Top ShareholdersLast Refreshed at: 23 November 2017

Individual Investors

ShareholdersPercentage
ABU DHABI INVESTMENT COMPANY 16.18%
MOHAMMAD ALMORTADA MOHAMMAD ALDANDASHI 14.63%
INVEST AD UAE FOCUS FUND 13.08%
فينسكو للاستثمار المالى ذ.م.م 8.78%
MOHAMMAD BIN AHMAD BIN SAEED ALQASSIMI 6.63%
شركه نعم للاستثمارات ذ.م.م 5.85%

  • 1 EN

    Article of Association - ALRAMZ 0001 (ALRAMZ_AOA_2016)

Foreign Investments View all
National GCC Arab Other Nationalities
Country of Origin Actual Permitted Actual Permitted Actual Permitted Actual Permitted As of Date:
UAE 83.14% 100% 0.25% 49% 16.43% 49% 0.18% 49% 23-11-2017
Showing Last 10 Corporate Governance Reports - ALRAMZ View all
  • 06-04-2017

    ALRAMZ CGR - 2016

  • 31-12-2015

    Corporate Governance Report - DDC 2015

Showing Corporate Actions - ALRAMZ View all
Year2017Corporate Action TypeCash Dividends
Last Date For Action Entitlement4/19/2017Ex-Dividend Date4/20/2017
Register Closing (Settlement) Date4/24/2017Trading Suspension Date4/1/1900
Trading Resuming Date4/1/1900Run (Effective) Date4/1/1900
Corporate Action DetailsDistribute 5% cash dividends as agreed at the GA held on 12/04/2017
Disclaimer
  • Ownership percentage is subject to change based on several reasons including the following:
    1. Trading activity.
    2. Off-Market Transactions such as family and inheritance transfers.
    3. Changes in the nationality status of investors.
    4. Securities deposits and withdrawals to and from DFM for Dual listed companies.
    5. Capital increase by issuing new shares to a strategic investor.
    6. Converting Bonds into shares.
    7. Equity added to the equity of the associated group.
    8. Direct Deals.

 

Percentages are updated daily after 4 pm
Disclaimer
The above published Ownership Percentages:
  • Are updated daily at the end of every trading day based on date of trade and not settlement date.

  • The ownership percentages are rounded off to 2 decimal places

  • Ownership percentages are subject to change due to the following:

    1. Trading activities.

    2. Off-Market Transactions such as family and inheritance transfers.

    3. Changes in the nationality status of investors.

    4. Securities deposits and withdrawals to and from DFM for Dual listed companies.

    5. Capital increases, by issuing new shares to Strategic investor

    6. Converting bonds or Sukuk into shares.

    7. Changes of associated group’s ownership.

    8. Direct Deals. (The ownership percentage is changed immediately after the execution of the deal).

    9. Failed trade settlement.


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The information provided in this document is only available in Arabic due to the (Dubai court attestations only being in Arabic herein after referred thereto as (“Information”) is provided by way of general information and comment only. While reasonable care has been taken in producing this Information, changes in circumstances may occur at any time and may impact on the accuracy of the Information. The Information does not constitute professional advice or provision of any kind of services and should not be relied upon as such.  Dubai Financial Market (“DFM”) and/or its affiliates, officers or employees,  does not give any warranty or representation as to the accuracy, reliability, timeliness or completeness of the Information now or in the future. DFM shall not be liable for any loss suffered, directly or indirectly by any person acting in reliance upon the Information contained herein. 


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