Al Ramz Capital Hit with Legal Bill After DFSA Challenge

08:35 AM EDT, 07/15/2026 (MT Newswires) -- The Financial Markets Tribunal ordered Al Ramz Capital (DFM:ALRAMZ) to pay $143,000 in legal costs to the Dubai Financial Services Authority, or DFSA. The case arose after the investment company challenged a DFSA decision notice dated June 13, 2024. The tribunal said Wednesday the award covers the external and internal legal costs of the independent banking, financial services, and markets regulator of Dubai International Financial Centre. The Financial Markets Tribunal found that Al Ramz Capital acted unreasonably by failing to narrow down the issues earlier in the process, pursuing factual arguments unlikely to succeed, and raising the issue of subjectivity in suspecting market abuse too late in the decision-making stage.