Emaar receives $58m loan repayment from Amlak
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Emaar receives $58m loan repayment from Amlak

Emaar receives $58m loan repayment from Amlak

Dubai's Emaar Properties has received Dhs214.4m ($58m) from Amlak Finance as part of loan repayments in 2010, Bloomberg has reported. Emaar's loans to the Islamic mortgage firm totalled Dhs712m at the end of last year, the company said in its reviewed earnings statement. The developer of the world's tallest tower in Dubai, which holds a 45% stake in Amlak, said it believes the loan due from Amlak is "fully recoverable."

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