31.08.2009 - Amlak tumbles into red as writedowns weigh
From Thenational.ae: Amlak Finance, the home finance company in merger talks with its rival Tamweel, lost Dh67 million (US$18.2m) in the second quarter as it took provisions on mortgages made on incomplete properties. The sharia-compliant finance firm based in Dubai had reported a net profit of Dh145m for the same period a year earlier, it said..............Full Article: Source