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Definitions

In these Terms & Conditions, the following terms shall have the meanings set out below:

• “ADX” means the Abu Dhabi Securities Exchange.
• “DFM” means the Dubai Financial Market.
• “Exchanges” means ADX and DFM collectively, and “Exchange” means either of them as the context requires.
• “Al Ramz” means Al Ramz Capital L.L.C., a brokerage licensed and regulated by the Securities and Commodities Authority in the United Arab Emirates.
• “Beginning Market Value (BMV)” means the market value of all Eligible Instruments held in a participant’s account at the start of a trading day, calculated using the previous trading day’s official closing prices of the relevant Exchange, adjusted for any corporate action taking effect on that day.
• “Adjusted Beginning Market Value” means the Beginning Market Value reduced by the value of any Share Transfers Out and increased by the value of any Share Transfers In occurring during that trading day.
• “Ending Market Value (EMV)” means the market value of all Eligible Instruments held in a participant’s account at the end of a trading day, calculated using that day’s official closing prices of the relevant Exchange on a trade date basis, and excluding dividends paid externally.
• “Investment Base” means the highest value of Eligible Instruments held in a participant’s account at any point during a trading day, being the running value of those holdings commencing at the Beginning Market Value, increased by each purchase and Share Transfer In and reduced by each sale and Share Transfer Out.
• “Purchases” means the aggregate execution value of Eligible Instruments bought during a trading day, recognized on the trade date.
• “Sales” means the aggregate execution value of Eligible Instruments sold during a trading day, recognized on the trade date.
• “Competition” means the UAE Energy Competition organized by Al Ramz in accordance with these Terms & Conditions.
• “Competition Period” means the defined start and end date of each competition cycle as set out in Clause 5 and published across official digital channels.
• “Dividends” means cash dividends declared on Eligible Instruments and paid directly to a participant’s linked bank account or expected to be paid later, which are included in performance calculations on the ex-dividend date but excluded from Ending Market Value.
• “Eligible Instruments” means the energy sector equity securities listed on the Exchanges and specified in Clause 6, traded through Al Ramz and eligible for inclusion in the Competition, excluding derivatives, margin products, leveraged instruments, off market transfers, and any security not specified in Clause 6.
• “External Movement” means any movement of Eligible Instruments into or out of a participant’s account by way of purchase, sale, or share transfer, the effect of which is neutralized in the calculation of Time-Weighted Return.
• “Realized Profit or Loss” means gains or losses realized from the sale of Eligible Instruments, recognized on the trade date.
• “Unrealized Profit or Loss” means changes in market value of Eligible Instruments that have not been sold, including price movements on shares transferred into the account.
• “Participant” means an eligible Al Ramz client who has successfully opted in to the Competition.
• “Ranking” means the ordering of participants based solely on their Time-Weighted Return for the relevant Competition Period, expressed as a percentage.
• “Share Transfer In” means the transfer of Eligible Instruments into a participant’s account during a trading day, valued at that day’s official closing price of the relevant Exchange.
• “Share Transfer Out” means the transfer of Eligible Instruments out of a participant’s account during a trading day, valued at that day’s official closing price of the relevant Exchange.
• “Time Weighted Return (TWR)” means the performance measurement methodology used to calculate percentage returns, under which a return is calculated for each trading day and the daily returns are geometrically linked across the Competition Period, neutralizing the impact of deposits, withdrawals, purchases, sales, and share transfers.
• “Award” means a prize allocated to a participant under Clause 9.
• “Winner” means a participant allocated an Award for a given Competition Period.
• “Other Al Ramz Competition” means any trading or investment competition organized or sponsored by Al Ramz, whether alone or in association with a third party, whose competition period overlaps with a Competition Period under these Terms.

The competition (“Competition”) is organized and sponsored solely by Al Ramz Capital L.L.C (“Al Ramz”), a licensed brokerage regulated by the Securities and Commodities Authority (SCA), United Arab Emirates.

The Competition is not sponsored, endorsed, administered, reviewed or approved by ADX, DFM, or by any issuer of the Eligible Instruments.

The Competition is a marketing and client engagement initiative designed to encourage investment in the UAE energy sector securities listed on the Abu Dhabi Securities Exchange (“ADX”) and the Dubai Financial Market (“DFM”) and specified in Clause 6.

The Competition does not constitute investment advice, portfolio management, or a guarantee of returns. The competition does not require any minimum investment amount to participate or any capital injection. Existing account balance is eligible for participation. Results are calculated based on the percentage return, therefore, capital increase/decrease will not impact returns.

Participation is open only to individuals who:

• Active trading account with Al Ramz;
• Are eligible to trade ADX and DFM listed equities;
• Successfully opt in to the Competition; and
• Comply with all applicable laws, regulations, and Al Ramz account terms.

The following are not eligible:

• Employees of Al Ramz and their immediate family members.
• Any individual restricted from trading by law or regulation.
• Accounts under investigation, suspension, or compliance review.

• Participation is voluntary and opt-in only.
• Clients must opt in via Al Ramz’s approved digital channels.
• Only trades executed after opt-in and within the relevant Competition Period will be considered.
• Once you opt in, you will be included in all subsequent competitions, unless you opt out by contacting Al Ramz Customer Service.

• The Competition runs for a defined period based on specific start and end dates.
• The Competition shall be conducted over the following rounds:
  • Round 1: 21 September - 20 October
  • Round 2: 27 October - 24 November
  • Round 3: 30 November - 25 December
• The applicable start date and end date for each Competition Period will be announced and published across the official digital channels.
• Each Competition Period constitutes a separate and independent cycle.
• Rankings and performance results do not roll over beyond the specified Competition end date.

Only the energy sector equity securities listed below, traded through Al Ramz, are eligible:

• ADNOC Gas: ADNOCGAS, ADX, Natural gas / gas processing
• ADNOC Drilling: ADNOCDRILL, ADX, Oil & gas drilling
• ADNOC L&S: ADNOCLS, ADX, Oil & gas logistics
• ADNOC Distribution: ADNOCDIST, ADX, Downstream / fuel
• Dana Gas: DANA, ADX, Natural gas E&P
• NMDC Energy: NMDCENR, ADX, Oil & gas EPC / services
• Borouge: BOROUGE, ADX, Petrochemicals
• Fertiglobe: FERTIGLOBE, ADX, Ammonia / urea / energy-linked chemical

Derivatives, leveraged and margin products, and any security not listed above are excluded.

Al Ramz may amend the list of Eligible Instruments to reflect corporate actions, delistings, or trading suspensions, with notice through official Al Ramz channels.

• For each Competition Period:
  • Participants are ranked based on percentage TWR, from highest to lowest.
  • The top ten (10) highest ranked eligible participants are declared winners.
• Each participant may enter through one trading account only. Accounts held by related parties may be aggregated or excluded at Al Ramz’s discretion.
• In the event of a tie, Al Ramz reserves the right to apply tie-break criteria or split prizes at its discretion.
• A participant allocated an Award in any Competition Period is not eligible for an Award in any subsequent Competition Period. Such a participant may continue to opt in and trade but will not be included in the Ranking for subsequent Competition Periods.
• A participant may receive one Award only across the Competition and any Other Al Ramz Competition. Where a participant is ranked for an award under both:
  • The award under the competition whose results are first finalized will be allocated.
  • The participant will be excluded from the Ranking of the other competition.
• Where a participant is excluded under Clause 8.4 or 8.5, the Award passes to the next highest ranked eligible participant, so that ten (10) Awards are allocated in each Competition Period.

• For each Competition Period, rewards are awarded to the top ten (10) highest ranked eligible participants:
  • 1st place: 1,000,000 Etihad Guest Miles
  • 2nd place: 500,000 Etihad Guest Miles
  • 3rd place: 250,000 Etihad Guest Miles
  • 4th–10th place: 100,000 Etihad Guest Miles each
• No cash alternative, substitution, or exchange is permitted.
• Prize values may vary by ranking and may change with prior notice.

• All winning results are subject to internal verification and, where required, independent review.
• Al Ramz reserves the right to delay or withhold prize allocation pending verification.

Participants may be disqualified if Al Ramz determines, at its sole discretion, that they have:

• Engaged in wash trading, layering, spoofing, or abusive trading practices.
• Attempted to manipulate rankings or system calculations.
• Breached these Terms & Conditions or applicable regulations.

Disqualification may occur before or after results are announced, with prizes forfeited if already allocated.

• Winners agree to participate in public results announcements related to the Competition; refusal to do so may result in disqualification and forfeiture of rewards.
• Only percentage returns may be referenced in marketing or public communications.
• Portfolio size, specific holdings, and transaction values will never be disclosed.

• Trading in securities involves risk and may result in losses.
• Past performance is not indicative of future results.
• Participation in the Competition does not improve or alter trading outcomes.

Except to the extent arising from fraud, gross negligence, willful misconduct, or breach of applicable laws or regulatory obligations, Al Ramz shall not be liable for:

• Technical failures, data feed delays, or system outages.
• Losses incurred through trading activity.
• Delays or errors beyond its reasonable control.

• Etihad Guest bears no liability for the terms and conditions set related to the campaign.
• Al Ramz shall not be liable for any losses, damages, costs, or expenses incurred by participants in connection with the Competition, including but not limited to:
  • Trading losses, missed opportunities, or adverse market movements resulting from participation.
  • Technical failures, data feed delays, calculation errors, system outages, or interruptions to trading, connectivity, or platform availability.
  • Delays, inaccuracies, or omissions in performance calculations, rankings, prize allocation, or public announcements.
  • Actions or omissions of third parties, including exchanges, custodians, payment providers, data vendors, or reward partners.
  • Regulatory actions, changes in law, or compliance requirements affecting the Competition.
  • Events beyond Al Ramz’s reasonable control, including force majeure events.
• Any amendments will be communicated through official Al Ramz channels.
• Participation in the Competition is at the participant’s sole risk, and Al Ramz makes no representations or warranties, express or implied, regarding trading outcomes, performance rankings, or the availability or value of rewards.
• To the maximum extent permitted by applicable law, Al Ramz’s aggregate liability, if any, shall be limited to the value of the reward to which the participant would otherwise have been entitled.
• Continued participation after clear notification through official channels constitutes acceptance of amended terms.

These Terms & Conditions are governed by the laws of the United Arab Emirates, the courts of Abu Dhabi.