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Al Ramz nine-month net profit rises 46% to AED 47.2 million on record revenue

By GST 2 min read

Dubai Financial Market-listed Al Ramz reported nine-month net profit of AED 47.2 million and record revenue of AED 150.1 million to the end of September 2026.

Al Ramz Corporation PJSC (DFM: ALRAMZ) said on Monday its net profit for the nine months to September 30 rose 46% year-on-year to AED 47.2 million, on record revenues of AED 150.1 million, up 31%.

The figures cover the nine-month period rather than the third quarter alone.

Profit before tax rose 44% to AED 51.5 million, and earnings per share increased to AED 0.086 from AED 0.059.

Revenue growth outpaced the rise in operating expenses, which improved the nine-month cost-to-income ratio to approximately 66% from 69%.

Total assets reached AED 2.18 billion, up 36%, and margin receivables stood at AED 826.7 million, up 47%. Total equity was AED 600.1 million, up 11%, after AED 38.5 million of cash dividends paid during the year.

Market-making and liquidity-provision revenues grew 37% to AED 15.3 million. Revenue-generating mandates increased to 23 from 19, including eight in Oman.

In the UAE, the company named mandates for PureHealth, Talabat and Invest Bank, alongside its relationships with ADNOC Group companies. It also holds an advisory mandate with Bahrain Bourse.

Asset management revenues rose 35% to AED 10.1 million, including AED 3.7 million in the third quarter. Assets under management reached AED 1.54 billion at the end of September, up 18%.

The company launched two new funds covering GCC equities and sukuk, and set up its asset management platform in the Abu Dhabi Global Market (ADGM). Its Sky One Money Market Fund reached a record AED 758 million in assets during the quarter.

Brokerage net commission income rose 8% to AED 43.5 million, supported by GCC and US markets.

Registered users of the Digital Financial Mall rose 43% year-on-year to 24,268. US-market users grew 74%, and client assets on the platform increased 25% to AED 8.19 billion.

The company added US options trading and US exchange-traded funds, along with tools for security screening, security comparison, portfolio creation and benchmarking.

Its AI investment agent, THOR, was named Best AI Investment Solution, UAE, at The Digital Banker’s Global AI Innovation Awards 2026.

By business line, corporate finance grew 61%, financing activities 43%, market making 37% and asset management 35%.

Group Managing Director Mohammad Al Mortada Al Dandashi said the significance of the results “goes beyond the numbers”, describing a platform that combines investment expertise, market access and technology.

Al Ramz said its priorities are to expand its role in regional capital markets, develop its asset management franchise and keep enhancing the Digital Financial Mall, with further investment in automation, data and artificial intelligence.

Founded in 1998, the company is regulated by the UAE Capital Markets Authority and is based at Level 9, Rolex Tower, Dubai.

Reported by Stuart

Business and property: Dubai companies, deals and the property market

Stuart covers business and property for Dubai Week. He reports on Dubai and Gulf companies, their deals and results, and on the property market: sales figures, major transactions, new projects and the rules that affect buyers and investors. He also writes about technology firms expanding into the UAE, and about retail, hospitality and aviation where they bear on Dubai's economy. His reports centre on the figures, who is behind a deal and what it means for the market. Recent stories include the AED124m office sale at Vision Tower, Dubai South's May property sales and the 37% fall in UAE mergers and acquisitions.

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