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Tamweel profit jumps 249%
- United Arab Emirates: Wednesday, April 23 - 2008 at 07:19
Tamweel, the UAE's largest provider of real estate finance, reported a 249% jump in net profit, reaching Dhs176.34m ($48m) during the first quarter of this year compared to Dhs50.47m in the first quarter of 2007, the company announced. Islamic financing and investing assets in the first quarter of 2008 rose to Dhs6.63bn, an increase of 120% compared to Dhs3.01bn in the first quarter of 2007.
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Jeff Florian, Senior ReporterWednesday, April 23 - 2008 at 07:19 UAE local time (GMT+4)
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