Browse
related articles
Amlak, Tamweel to form Islamic realty bank
- United Arab Emirates: Saturday, October 10 - 2009 at 15:04
The merger between UAE mortgage lenders Amlak Finance and Tamweel may result into an Islamic realty bank, Bloomberg has reported. According to Ministry of Economy Sultan Bin Saeed Al Mansouri, a third of the new bank may be owned by Amlak and Tamweel's investors, while the federal government and Dubai's government may share the remaining stake equally. The proposal may be passed before the end of this year, said Al Mansouri.
Related Content
Article Options
Medilyn Manibo, Assistant News EditorSaturday, October 10 - 2009 at 15:04 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
