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Amlak, Marseilia to develop urban project in CairoMarseilia Group, a top diversified investment company has signed an agreement with UAE-based Amlak Finance, a leading specialised real estate financier, to develop an urban project in Nasr City District, Cairo. The memorandum of u More… |
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Amlak completes work on first Dubai villas projectAmlak Finance, a leading specialised real estate financier in the Middle East, has announced the completion of its new Dh138-million ($38 million) residential development project in the Mirdiff area of Dubai, UAE. This marks the f More… |
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Palma, Amlak ink property financing dealDubai-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 More… |
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Amlak postpones shareholder meetingThe 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 More… |
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Amlak in talks over $1.9bn debt restructuringDubai-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 More… |
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DFM achieves 97.6pc result complianceDubai 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 More… |
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Amlak plunges into red in H1Troubled 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 More… |
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Amlak posts $18.7m Q1 lossAmlak 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 More… |
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Tamweel, Amlak to merge into new entityLeading 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 More… |
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Amlak 'no' to new home loansAmlak 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 More… |
