Sun, Apr 11, 2021
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Insurance (Takaful), Market Moves more

Amlak, Tamweel restructuring plan in final stages

Posted on 22 March 2010

From Ameinfo.com: Sultan Bin Saeed Al Mansouri, the UAE’s minister of economy has said that the restructuring plan for Amlak Finance and Tamweel is in its final stages, Al Ittihad has reported.
The plan includes the merger of the two firms and establishing an Islamic bank that will receive the financial support of the government, the daily said.
A ministerial committee in charge of the restructuring process had allocated Dhs2bn ($544.5m), equally divided between the UAE government and the Dubai government, to support the financial solvency of the two companies, the newspaper added………………………………….Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
April 2021
M T W T F S S
« May    
 1234
567891011
12131415161718
19202122232425
2627282930