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Tamweel first quarter profit up 13.5pct

Posted on 11 April 2013

Tamweel, a Dubai-based Islamic home financing firm, posted Wednesday a 13.5% year-on-year rise in first-quarter net profit as it prepares for a full takeover by Dubai Islamic Bank.
Tamweel’s quarterly net profit reached Dh20.5 million ($5.6 million), up from Dh18 million in the same period last year, according to financial statements posted on the Dubai bourse website………………………………………..Full Article: Source

 
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