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DIB sets Tamweel share swaps dateDubai Islamic Bank (DIB) said it has gained the necessary approvals and authorisations from the government financial institutions to execute the share swap with Tamweel investors on Thursday (May More… |
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DIB delays Tamweel share swap deadlineDubai Islamic Bank (DIB) has announced that it has extended the deadline to March 30 for acceptance of Tamweel share swap applications, to allow adequate time for shareholders to complete administrative formalities. DIB is the majority More… |
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DIB investors approve Tamweel acquisitionDubai Islamic Bank (DIB) said its shareholders have given approval to the lender for 100 per cent acquisition of the emirate's top Islamic mortgage lender, Tamweel. The announcement was made at the end of DIB's extraordina More… |
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DIB makes offer for Tamweel sharesDubai Islamic Bank (DIB) has published its formal offer for the shares in Tamweel it does not currently own, following approval from the Securities and Commodities Authority (SCA). Under t More… |
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Tamweel Q4 net profit drops 11.3pcTamweel, the Dubai-based Islamic mortgage lender, posted a 11.3 per cent drop in fourth-quarter net profit on Tuesday, Reuters calculations show, with the company blaming a full-year decline in earnings on provisions. Tamweel, cur More… |
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Dubai Islamic to fully acquire TamweelDubai Islamic Bank said on Thursday that its board had approved plans to fully acquire its mortgage unit Tamweel, in which it already holds a majority stake of 58.2 percent. Dubai's largest More… |
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Dubai stocks at 9-month highDubai's stock index ended at a 9-month high, climbing for a second straight session, as investors expressed optimism about the emirate's growth in the new year. The benchmark advanced 0. More… |
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Tamweel Q3 net profit plunges 46.5pcDubai-based Islamic mortgage provider Tamweel posted a 46.5 per cent drop in third-quarter profit, missing analysts' forecasts after being hit by higher provisions and funding costs. Tamweel, majority owned by Dubai Islamic Ba More… |
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Dubai, Abu Dhabi property prices 'up 10-15pc'UAE-based Islamic home finance provider Tamweel said the sale price of properties in its portfolio in Dubai and Abu Dhabi increased by 10 to 15 per cent from January 2011 and June 2012. Releasing the data on the sale prices of propertie More… |
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Tamweel postpones $235m sukuk saleIslamic mortgage lender Tamweel has decided to delay the sale of a $235 million sharia-compliant asset-backed securitisation after taking feedback from the market, the company said in on Wednesday. Investors and traders in the Gulf region More… |
