ADX grants Short-Selling License to Al Ramz Capital

Al Ramz Capital, a subsidiary of Al-Ramz Corporation Investments and Developments PJSC, was granted the Technical Short-Selling License from Abu Dhabi Securities Exchange, ADX, making the company amongst the first of its kind to provide such a service in the UAE.

ADX’s implementation of Technical Short-Selling Services is aimed at raising market turnover and attracting more foreign investors participation and improve liquidity and hedging. Technical Short-Selling is the sale of securities which are not owned by the sellers, and it aims to achieve profits through the price variations. Al Ramz strives to bring the highest global market practices to United Arab Emirates, and technical short selling will enhance the company’s product services focusing on superior Customer experiences.

ADX celebrated by ringing the bell at the market opening yesterday, which was attended by Rashed Al Blooshi, Chief Executive of ADX and Mohammad Al Mortada Al Dandashi, Managing Director of Al Ramz Corporation Investment and Development, and other representatives from both sides.