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Islamic Finance Briefing - Categorized | Investment, Property, Projects, Infrastructure more

Amlak halves investment in tower project

Posted on 08 May 2009

From Thenational.ae: Amlak Finance, the troubled Islamic lender based in Dubai, will halve its investment in Sky Gardens, a tower located near the Dubai International Financial Centre (DIFC).

Amlak had purchased properties in various parts of Dubai to sell them to potential purchasers. As buyers have become fewer, the company decided to scale back its investment…….Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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