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Tamweel predicts $27.2m profit
- United Arab Emirates: Tuesday, July 11 - 2006 at 07:36
UAE-based mortgage lender Tamweel is predicting an annual profit of $27.2m in 2006, compared to $11.7m in 2005. The company listed on the Dubai bourse on Monday after selling 55% of its capital in an initial public offering in March. The projected figure was released to inform shareholders of the company's performance ahead of its market debut, according to Chairman Sheikh Khalid bin Zayed Al Nahyan.
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James McInerney, News EditorTuesday, July 11 - 2006 at 07:36 UAE local time (GMT+4)
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