30.09.2010 - Tamweel takeover fans Amlak acquisition rumours
From Emirates247.com: With Dubai Islamic Bank (DIB) taking over troubled Islamic mortgage lender Tamweel, the market is rife with rumours that Emaar Properties, which is holding its board meeting today, will decide to offload its stake in Amlak Finance, the other non-bank mortgage lender in Dubai. The Dubai-based Emaar Properties is the largest shareholder in Amlak, holding 45 per cent of its shares. No other single shareholder owns more than 5 per cent of Amlak’s shares..............................................Full Article: Source
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