| 23.11.2009 - Tamweel prepares for merger |
| From Thenational.ae: Tamweel, the country’s second-largest home finance company, has returned to profit as the Government moves towards finalising a proposed merger with its rival Amlak to be put to shareholders as early as January. The Islamic lender reported a third-quarter profit of Dh10 million (US$2.7m) after three quarters of losses. It was a drop of 95 per cent compared with the Dh185.7m profit for the third quarter last year............................Full Article: Source |