25.06.2009 - Amlak expects solution to $3.3 bln funding gap
From Forexyard.com: Troubled Gulf mortgage lender Amlak is in talks with banks and the government over a 12 billion dirham ($3.3 billion) funding gap and expects to find a solution soon, its chief executive was quoted as saying on Wednesday. If confirmed, a $3.3 billion funding gap would mark Amlak, one of the biggest mortgage lenders in the Gulf, as one of the largest casualties of the financial crisis that has swept the Arab peninsula despite energy-export revenue and sovereign savings.......Full Article: Source