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Tamweel plans Dhs2bn Islamic bond
- United Arab Emirates: Tuesday, October 07 - 2008 at 09:50
Shaikh Khaled Al Nahayan, chairman of Dubai-based Islamic mortgage lender Tamweel, said the firm is planning to launch up to Dhs2bn ($544.5m) in Islamic bonds in the first quarter of 2009, reported Reuters. Tamweel, which priced a Dhs1.1bn bond in July, and fellow mortgage lender Amlak Finance are in talks on a $2.4bn merger.
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Jeff Florian, Senior ReporterTuesday, October 07 - 2008 at 09:50 UAE local time (GMT+4)
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