Friday 29 July 2016
 
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Amlak Finance

Palma, Amlak ink property financing deal

Dubai-based Palma Holding, a specialised and diversified real estate company, has entered into an agreement with Amlak Finance to offer financing for Serenia Residences, its premium offering on The Palm Jumeirah. “We are ver

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Amlak postpones shareholder meeting

The first shareholder meeting of Dubai mortgage lender Amlak Finance in more than six years was postponed on Sunday after too few shareholders attended for it be recognised as valid. The meeting, the first since mid-2008, was call

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Amlak in talks over $1.9bn debt restructuring

Dubai-based property lender Amlak Finance is in talks with creditors to restructure debts of around 7 billion dirhams ($1.9 billion), in the latest attempt to resurrect a victim of Dubai's property crash. The sharia-compliant

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DFM achieves 97.6pc result compliance

Dubai Financial Market (DFM) said its UAE-listed companies have shown a 97.6 per cent compliance to disclose their annual results within the deadline of three months from the end of the financial year. According to the Dubai bourse, 42 out

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Amlak plunges into red in H1

Troubled mortgage lender Amlak Finance posted a net loss of 135.1 million dirhams ($36.78 million) in the first half of the year, as revenue fell and writedowns weighed, the company said. Revenue on fees, investment gains, and property sal

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Amlak posts $18.7m Q1 loss

Amlak Finance, the largest real estate financier in the Middle East by market value and total assets, has registered a Dh69 million ($18.7 million) net loss in the first quarter of 2009. Announcing the financial results at the end of

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Tamweel, Amlak to merge into new entity

Leading real estate finance providers Amlak Finance and Tamweel, will be merged into a new entity under the Real Estate Bank, said the Ministry of Finance, in a report. 'The merger is considered a landmark development for the financial

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Amlak 'no' to new home loans

Amlak Finance, a leading mortgage lender, has put a stop on new home loans amidst growing fears that the global credit crisis will hit Dubai's property sector, a report said. 'We are reviewing our existing credit policy to ensure o

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Amlak Finance CEO honoured

Amlak Finance said its chief executive officer Arif Alharmi was awarded the prestigious 'CEO of the year 2008' award in the Home Finance Category at the CEO Middle East Awards function held at the Raffles Hotel in Dubai.

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Amlak's SkyCourts sold out

Amlak Finance, a leading real estate financier in the Middle East, has successfully sold 235 apartments at SkyCourts, a freehold residential project in Dubai. Amlak offered a total of 237,564 sq.ft at 90 per cent financing with repayment

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