Tamweel was listed on the DFM on July 10, 2006 and the share price has been consistent and looks to increase in due course in time in line with confidence shown by the investors.
Tamweel PJSC is the first company in the UAE to be converted from an LLC status to a public company. More than 140,000 individuals applied for Tamweel's IPO which was oversubscribed almost 485 times and raised an amount of AED 267 billion.
Tamweel is the only company in the UAE that has been offering Islamic home finance products since its inception and plays a vital role in the development of the UAE real estate market and its products and services have wide acceptance among the home buyers in the country. Tamweel, which has offered finance for properties of level one developers, has also assisted many secondary and third tier developers to launch their properties in the market.
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Tamweel to announce Q2 profits on July 30, 2006
- United Arab Emirates: Wednesday, July 26 - 2006 at 11:53
- PRESS RELEASE
Tamweel PJSC, UAE's leading provider of home finance, has informed the Dubai Financial Market (DFM) that it will be announcing their profits for the Financial Quarter ended June 30, 2006 on July 30, 2006.
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About Tamweel:Tamweel, the leading home finance service provider, has over 235 partners and is focused to be the leader in home financing regionally, with currently offices in Dubai, Sharjah and Abu Dhabi. Established in March 2004, Tamweel provides a variety of Sharia-complaint home finance services and products such as Ijarah, Murabaha, Pre-approval and YUSR - the adjustable repayment mortgage.
For more information, please contact Remus D'Cruz/ Houssam Raydan, Bates PanGulf PR, Dubai.
Tel: +971-4-295 3456
Fax: +9714-295 1027
Posted by Lara Lynn Golden, News EditorWednesday, July 26 - 2006 at 11:53 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.
This article was updated on Sun Feb 11 2007.
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