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Tamweel Q2 profit up 313%
- United Arab Emirates: Sunday, July 30 - 2006 at 11:56
Dubai publicly listed mortgage lender Tamweel posted a Q2 2006 profit of $10.6m, 313% better than Q2 2005. Profit for H1 reached $13.52m, up 160% on H1 2005. Half-yearly income from operations grew 159% to reach $28.7m. The company listed on the Dubai bourse after selling 55% of its capital in an initial public offering in March.
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James McInerney, News EditorSunday, July 30 - 2006 at 11:56 UAE local time (GMT+4)
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