Thursday 30 October 2014
 
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Tamweel

Tamweel Q3 profit triples as impairments fall

Dubai mortgage lender Tamweel on Wednesday said its third-quarter profit more than tripled from a year earlier due to lower provisions. The company made a profit of 27.6 million dirhams ($7.51 million) for the three months to Sept

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Dubai Islamic settles $1bn Tamweel liabilities

Dubai Islamic Bank has settled 4 billion dirhams ($1.09 billion) of liabilities from mortgage subsidiary Tamweel two years ahead of their maturity, the bank said on Thursday. This amounts to all of Dubai Islamic's bilateral li

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Tamweel Q2 profit rises 40pc

Dubai mortgage lender Tamweel reported a 40 percent rise in second-quarter profit on Thursday. Tamweel, which is due to delist from the Dubai Financial Market to allow parent company Dubai Islamic Bank to take full ownership, made

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Mortgage lender Tamweel to delist from Dubai bourse

Sharia-compliant mortgage lender Tamweel said on Monday its shareholders had approved the company's delisting from the Dubai stock exchange, paving the way for its acquisition by Dubai Islamic Bank. Dubai Islamic Bank said in

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DIB sets Tamweel share swaps date

  Dubai 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

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DIB delays Tamweel share swap deadline

Dubai 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

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DIB investors approve Tamweel acquisition

Dubai 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

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DIB makes offer for Tamweel shares

  Dubai 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

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Tamweel Q4 net profit drops 11.3pc

Tamweel, 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

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Dubai Islamic to fully acquire Tamweel

  Dubai 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

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