Tagged: Amlak

2011-08-18

Losses widen for Amlak in contrast with rival Islamic lender Tamweel

Amlak had a larger net loss as income from its core business fell and impairments more than doubled. The net loss of the second quarter was Dh52.2 million (US$14.2m), compared with Dh597,000 in the same period last year.
Jaap Meijer, a senior analyst a…

Tamweel, Amlak consider alternatives to government backed merger

Islamic Finance

2010-06-09

Tamweel, Amlak consider alternatives to government backed merger

UAE-based mortgage lenders, Tamweel and Amlak are preparing contingency plans and open talks with alternative buyers should their government backed merger be abandoned. This may include the two Islamic lenders merging and then combining with a commercial bank, or the two being acquired separately, according to a source.

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Tagged: Amlak

Losses widen for Amlak in contrast with rival Islamic lender Tamweel

Tamweel, Amlak consider alternatives to government backed merger

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