Al Ramz Capital has been appointed as a Liquidity Provider for Gulf Navigation Holding shares, after obtaining the necessary approvals from the Dubai Financial Market.
The Liquidity Provider has been appointed with the sole objective of enhancing the liquidity of Gulf Navigation shares and increasing these frequency of transactions. Benefits expected include an increase in share price stability, lower trading costs and a reduction in the spread between bid and offer prices.
Al Ramz Capital will operate independently of Gulf Navigation and will have complete autonomy over trading. The company will carry out transactions within pre-defined parameters that have been agreed with Gulf Navigation.
Gulf Navigation says it sees the appointment as a means to safeguard the interests of all its shareholders. It will also help ensure share price accurately reflects recent developments at the company and its plans and goals over the next few years.