(MENAFN- Mid-East.Info)
Abu Dhabi: Al Ramz Corporation Investment and Development PJSC (Al Ramz), announced today the successful conclusion of the acquisition of the outstanding shares of Liwa College of Technology (Liwa) by NEMA Holding (NEMA), formerly known as Abu Dhabi University Holding Company (ADUHC). Al Ramz served as the lead financial advisor on the transaction which entailed full divestment for an undisclosed sum.
NEMA Holding landmark acquisition marks the latest in a succession of transactions in the education sector where Al Ramz acted as the lead financial advisor solidifying its leadership position in the sector. Al Ramz corporate finance practice also plays a prominent role in UAE financial markets providing its customers M&A services and capital management solutions.
Dr. Ali Saeed Sultan Bin Harmal Al Dhaheri, Chairman of the Board of NEMA commented,“we are excited about the future of Liwa and eager to advance its position in the education sector in UAE. The addition of Liwa to our portfolio further strengthens our educational value proposition to our current and future student population”.
Mr. Mohammad Al Mortada Al Dandashi, Managing Director of Al Ramz group commented,“Al Ramz has established itself as a leader in the M&A domain having played a prominent role on numerous landmark deals. We are honoured to have been appointed as the lead financial advisor on the Liwa transaction and we look forward to a fruitful outcome.”
“We continue to build our breadth of services to deliver suite of solutions covering investment needs of customers and look forward to reporting future success.”
About Al Ramz
Founded in 1998, 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. Al Ramz provides a broad spectrum of services including asset management, corporate finance, brokerage, security margins, market making, liquidity providing, public offering management and financial research.
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