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Islamic Finance Briefing - Categorized | Insurance (Takaful), Market Moves more

Tamweel says Amlak merger still possible in Q1

Posted on 28 January 2010

From Arabianbusiness.com: The planned merger between troubled Dubai Islamic mortgage companies Tamweel and Amlak is still possible in the first quarter as progress is being made, Tamweel’s chairman said on Wednesday.

Tamweel and Amlak have both been hit hard by the collapse of Dubai’s once booming property sector and shares in the two companies were suspended in 2007 and have not traded since……………………………….Full Article: Source

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