Tamweel's 3rd Annual Awards ceremony felicitates business partners

The glittering ceremony was attended by Sheikh Khaled Bin Zayed Bin Saqr Al Nahyan, Chairman of Tamweel, and by dignitaries, property and real estate developers, agents, related industry officials, and media representatives.

The milestone event, held for the third consecutive year, was exceptionally remarkable this year as the company announced a donation of AED1,000 for every guest attending the Awards ceremony. The entire donation of AED 300,000 was handed over to the Mohammed Bin Rashid Humanitarian and Charity Foundation for relief efforts in Lebanon. The Awards Ceremony recognizes the role of Tamweel's business partners and affiliates for their significant contribution towards the company's growth since its launch in March 2004. It also epitomizes Tamweel's continued commitment to the UAE and regional markets.

Among the partners and affiliates who were honoured at Tamweel Awards Ceremony 2006 were Emaar Properties, Dubai Sports City, Sorouh Real Estate, ETA Star, Vakson Real Estate, Deyaar, Better Homes, Landmark, Emirates Airlines, Dubai Holding, ABN Amro Bank- UAE, Dubai Islamic Bank, Emirates National Securitisation Corporation (ENSeC), Emirates Islamic Bank, The National Investor, DIB Sharia Coordination Department, Cluttons, Lands Department - Government of Dubai, Nakheel and Bates PanGulf. Individual awards were also given away to Mohammed Kamal, Aziz Memon and Saeed Al-Suwaidi.

Speaking on the occasion, Adel Al Shirawi, Chief Executive Officer of Tamweel, said:

"It is a matter of immense pleasure and privilege to honour our business partners, who are vital to the success of our company. We are happy to honour and celebrate our success with our strategic partners who have played a key role in our growth. These mutually-beneficial partnerships have facilitated both us and our affiliates to not only build on the latent demand in the UAE's real estate sector but also extend outstanding value to our esteemed customers through efficient and reliable services in a friendly, professional manner. This annual gathering is just a small way of acknowledging and recognizing their unstinted support and proactive contribution."

He added: "Tamweel has always been at the forefront of innovative and Shari'a-compliant home finance services and we are looking at different and more optimal methods to build capital and generate value for our shareholders. With our business affiliates, we will continue to launch key initiatives to contribute towards mutual profitable revenue growth. Our successful IPO and internationally-rated Sukuk notes are testimony of the synergy and strategic partnerships with top institutions in the UAE and region."

Thanking Tamweel for the honour, Mohamad Sotoudeh, CEO of ENSeC, said: "We would like to express our gratitude to Tamweel for this honour. Since inception, Tamweel has always been at the forefront of product innovation and value creation for its customers. Tamweel's successful IPO and internationally rated Sukuks are ample evidence of their pioneering growth. We are privileged to have partnered up with Tamweel through this exciting growth phase and wish to continue assisting them with other ground-breaking initiatives in the future."

With the series of pioneering schemes and arrangements with partners, Tamweel's growth profile is on its upward trend, reflecting the strength of the mortgage finance market in the country and the massive demand for quality home finance products. Untill date, it has financed property worth AED7 billion and partnered with 235 different developers and builders across the region.