RAK Properties, a leading Ras Al Khaimah-based property developer listed on the Abu Dhabi Securities Exchange (ADX), has announced the appointment of Arqaam Securities as its official liquidity provider.
Licensed by the UAE’s Securities and Commodities Authority (SCA), Arqaam Securities will oversee liquidity management for RAK Properties’ shares by maintaining consistent two-way pricing. In addition, the firm will initiate independent research coverage on the company.
RAK Properties clarified that Arqaam’s stake will remain below 5% of its total listed shares, adhering strictly to ADX and SCA regulations.
Endorsed by the company’s Board of Directors, this move represents a strategic effort to strengthen market depth and expand access for both retail and institutional investors.
The company also reiterated its openness to international investment, with foreign ownership allowed up to 49%, underlining its commitment to a transparent and liquid market.
Commenting on the partnership, Sameh Muhtadi, CEO of RAK Properties, said: “Market liquidity is integral to delivering long-term value to our shareholders. Collaborating with Arqaam, a leader in this space, complements our aim to boost trading efficiency and accessibility.”
He added that with investor interest in Ras Al Khaimah and its listed companies on the rise, strategic partnerships will be key to realising the company’s growth ambitions.
Veselin Tilev, Head of Market Making at Arqaam Securities, remarked: “We are pleased to be entrusted by RAK Properties and look forward to applying our market-making expertise to strengthen liquidity and enhance trading dynamics on ADX.”
Looking ahead to 2025, RAK Properties is pursuing a robust growth plan, led by its AED5 billion Mina masterplan.
