10.06.2009 - Amlak, Tamweel to reveal funding solutions
From Khaleejtimes.com: Two of the UAE's largest cash-strapped mortgage banks, Amlak and Tamweel, said separately on Tuesday that the government has completed due diligence to assess their respective funding requirements and that they would reveal the scale of their financing needs once authorised to do so. A federal government-appointed committee has conducted due diligence on both state-owned mortgage lenders, which suffered a severe financial squeeze when the property market collapsed......Full Article: Source