Dubai’s Al Ramz Corp announces IPO for two new funds

Al Ramz Corporation, a Dubai-based financial services company, on Monday announced the initial public offering (IPO) of two new open-ended GCC investment funds.

The IPO for the US dollar-denominated Horizons GCC Sukuks Fund and the UAE dirham-denominated Fortitude GCC Equity Fund will run until May 13, 2026.

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The Horizons GCC Sukuks Fund offers a Sharia-compliant option for investors seeking income and capital growth through a portfolio of investment-grade GCC Sukuks.

The Fortitude GCC Equity Fund provides a risk-managed approach to regional equities, employing a benchmark-agnostic strategy that targets an absolute estimated return of 8 per cent per annum.

“Our goal is to deliver sustainable, long-term value, and these funds represent a significant expansion of our commitment to meeting our clients' evolving investment needs,” said Yazan M. Abdeen, CEO of Al Ramz Asset Management.

AI Ramz is a UAE-domiciled public joint stock company listed on the Dubai Financial Market and regulated by the UAE Securities and Commodities Authority and the Dubai Financial Services Authority. 

Written by

Waheed Abbas

Waheed Abbas is Assistant Editor, covering real estate, aviation and other business stories that directly affect the lives of UAE consumers. He frequently reports human interest stories, too.