DFM announces AED 5.5m direct deals on Al Ramz’s shares

DFM announces AED 5.5m direct deals on Al Ramz’s shares

Dubai - Mubasher: A direct deal was implemented on the shares of Al Ramz Corporation Investment and Development at a total value of around AED 5.5 million.





The deal was executed through trading around 10 million shares at a price of AED 0.55 per share, the Dubai Financial Market (DFM) announced on Wednesday.





Through this deal, the Rock Companies Representation has acquired about 4.035% in Al Ramz Corporation.





It is noteworthy to mention that in May 2016, the DFM launched 'Direct Deals' service to enable investors and brokerage firms to accomplish bulky deals on shares of a listed company without being bound by the price limits applied in the market.