Abu Dhabi 23rd April 2020 – The Abu Dhabi Securities Exchange (ADX) has allowed Al Ramz Corporation Investment and Development, a short term marding trading license. According to the press release on April 23rd, 2020, the move reflects the ADX objectives to develop business growth opportunities and enhance its relationships with the leading regional financial institutions.
The managing director of Al Ramz, Mohammad Al Mortada Al Dandashi, said:
This license allows Al Ramz to provide a high leverage, up to five times the initial placed margin amount, to its customers to buy ADX listed securities for a specific short period.
Read the full press release here.