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Tamweel IPO for foreigners
- United Arab Emirates: Monday, February 27 - 2006 at 08:25
Foreigners as well as nationals will be able to participate in the Tamweel initial public offering which opens today. Dubai based mortgage lender Tamweel made a profit of $17m last year and expects the UAE home loan market to grow by 30% in 2006, CEO Adel Al Shirawi told Gulf News. The Dubai Government-owned company is offering 55% of its capital in the IPO.
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Peter J. CooperMonday, February 27 - 2006 at 08:25 UAE local time (GMT+4)
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