Tuesday 1 September 2015
 
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Amlak

Amlak Finance Q2 net profit slumps 87pc

Dubai's Amlak Finance reported an 87 per cent drop in second-quarter net profit on Wednesday as the Islamic mortgage lender's income from financing, investments and deposits all declined and amortisation costs soared. Amla

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Tecom, Amlak offer financing for Villa Lantana homes

UAE’s Tecom Investments has signed an agreement with Amlak Finance, to offer Shari’a compliant financing options via its Amlak Tatweer programme to all purchasers of freehold Villa Lantana homes in Dubai. Amlak, the UA

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Amlak invites bids for Bahrain Marina project

Amlak, a Bahrain real estate company, has invited bids for the demolition of an existing facility to pave way for the reconstruction of its Bahrain Marina Development Project. Adopting modern urban design, the new project in Manama will

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Volatile Amlak dominates Dubai stocks

Gulf stock markets rose on Tuesday after oil prices edged up and mortgage company Amlak Finance, which dominated activity in Dubai, pared early losses to close flat as it resumed trading following a suspension of nearly six years.

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Amlak shares to resume trade after 6-year suspension

Shares in Amlak Finance, which have been suspended since November 2008, will resume trading on Dubai's main bourse on June 2, the Islamic mortgage provider said on Thursday. Trading in Amlak, part-owned by Dubai's biggest

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Amlak Q1 profit plummets on amortisation charges

Dubai-based Islamic mortgage lender Amlak Finance recorded a 77 per cent plunge in first-quarter profit because of amortisation charges, the company reported on Thursday. Amlak, which has said previously that it aims to resume tra

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Amlak Finance targets May for trading restart

Dubai-based Islamic mortgage lender Amlak Finance has said it provisionally plans to resume trading on the Dubai Financial Market (DFM) in May. Shareholders approved the proposal during its annual general meeting on Thursday and a

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Amlak 2014 profit surges on debt restructuring

Dubai-based Islamic mortgage lender Amlak Finance posted a 22 per cent rise in attributable net profit for 2014 on Wednesday as gains from its debt restructuring offset write-downs in its property portfolio. Amlak's net profit

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Amlak 2014 profit surges on debt restructuring

Dubai-based Islamic mortgage lender Amlak Finance posted a 22 per cent rise in attributable net profit for 2014 on Wednesday as gains from its debt restructuring offset write-downs in its property portfolio. Amlak's net profit

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Amlak launches key Bahrain marina project

Amlak, a Bahrain real estate company, has launched the Bahrain Marina Development Project with planned construction work commencing by the third quarter of next year. Amlak is the real estate investment arm and wholly-owned subsid

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