Date: 13 February 2022
Al Ramz Corporation Investment & Development PJSC
Preliminary Result for the year ended 31 December 2021
First - General Information:
Name of the company: | Al Ramz Corporation Investment & Development PJSC |
Date Establishment: | 25 June 1975 |
Paid up capital: | AED 549,915,858 |
Subscribed capital: | AED 549,915,858 |
Authorized capital: | AED 549,915,858 |
Chairman of the Board: | Mr. Dhafer Sahmi Al Ahbabi |
Managing Director: | Mr. Mohammed Al Mortada Al Dandashi |
External auditor: | Ernst & Young |
Mailing address: | P.O. Box 121200 |
Dubai | |
United Arab Emirates | |
Tel: +97126262626 | |
Fax: +97126262444 | |
Email: | IR@alramz.ae |
Second - Preliminary Results:
2021 | 2020 | ||
Total Assets (AED'000) | 1,040,916 | 895,427 | |
Net assets (AED'000) | 475,317 | 466,868 | |
Net Revenue (AED'000) | 95,695 | 62,796 | |
Net Profit for the year (AED'000) | 53,991 | (10,871) | |
Earnings per share (AED) | 0.098 | (0.020) | |
Third: Performance Highlights: |
AED'000 | 2021 | 2020 |
Net commission income | 43,547 | 15,841 |
Corporate finance and other income | 34,031 | 27,349 |
Investment gain / (loss), net | 25,253 | (31,011) |
Summary of the Company's performance for 2021:
- Non-investmentrevenues of AED 105 million, increased by 38% over 2020.
- Net investment gain of AED 25 million, increased by 181% over 2020.
- Net profit of AED 54 million, increase of AED 64.8 million over 2020.
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Mohammad Al Mortada Al Dandashi
Managing Director