RAK Properties Appoints ARQAAM Securities as Liquidity Provider

RAK Properties PJSC (ADX: RAKPROP), the leading real estate developer based in Ras Al Khaimah, has officially named Arqaam Securities LLC as its new Liquidity Provider on the Abu Dhabi Securities Exchange (ADX).

Enhancing Trading Efficiency and Market Liquidity

Arqaam Securities, a prominent regional financial firm regulated by the UAE Securities and Commodities Authority (SCA), will be responsible for improving trading liquidity by offering consistent two-way price quotes for RAK Properties’ shares. As part of the agreement, Arqaam will also initiate equity research coverage on the company. The move aims to tighten bid-ask spreads and support a more efficient price discovery process. It's also worth noting that Arqaam’s stake in RAK Properties will be limited to no more than 5% of the total listed shares, adhering fully to both SCA and ADX rules.

Strategic Move to Attract Broader Investor Participation

The Board of Directors at RAK Properties has greenlit this partnership as part of a broader strategy to boost investor engagement and market accessibility. By allowing foreign ownership of up to 49%, the company is signalling its commitment to cultivating a more active and liquid trading landscape for both institutional and retail participants.

Sameh Muhtadi, Chief Executive Officer, RAK Properties, commented: "Ensuring robust market liquidity is central to our commitment to delivering long-term shareholder value. Partnering with Arqaam Securities, a recognized leader in liquidity provision, aligns with our efforts to enhance trading efficiency and market accessibility for investors. As increasing numbers of institutional and retail investors look not only to the Emirate of Ras Al Khaimah but also its major listed entities, it is crucial that we engage with partners who can support our ambitious growth targets.”

Veselin Tilev, Head of Market Making at Arqaam Securities, stated: "We appreciate the trust placed in us by RAK Properties and look forward to leveraging our expertise to enhance liquidity and optimize market dynamics on ADX. Our dedicated market-making services are designed to support active and efficient trading, reinforcing investor engagement with RAK Properties’ shares."

Bold Growth Plans Ahead in 2025

Looking ahead, RAK Properties is laying the groundwork for a transformative year in 2025. In January, it revealed the masterplan for "Mina," its landmark waterfront destination. With a total gross development value (GDV) of AED 5 billion, the company has ambitious plans to roll out multiple projects under this initiative. The first two developments—Mirasol and SKAI—launched during Q1, have already seen strong market reception. In addition, a major collaboration with Four Seasons has been confirmed, aiming to introduce a luxury beachfront resort and branded residences at Mina.