COMPANIES
Tamweel - UAE
- 0.99 Last
- -0.06 (-5.71%) Today's Change
- 9.69m Volume
- 1.03-8.55 52 Week Range
- -5.62 (-85.02%) 52 Week Change
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Recent Articles
- Tamweel denies central bank bailout12 November 2008
UPDATE 1: Dubai mortgage lender says it has not received funds from central bank following media reports.
- Dubai's Tamweel Q3 profit rises 36.5%26 October 2008
Islamic mortgage lender reports third-quarter net profit of $50.56mn, income more than doubles.
- Amlak-Tamweel merger 'complete by end of Q1 2009'21 October 2008
Two firms' chief executives say they expect to move rapidly on $1.6bn merger.
- Gulf exchanges rise as global credit fears ease21 October 2008
UPDATE 5: Emaar Properties shares boost Dubai benchmark ahead of anticipated buyback plan.
- Amlak, Tamweel merger talks progress20 October 2008
Dubai Islamic mortgage lenders say they have begun consultation with key stakeholders.
- Banks cut mortgage lending limit by up to 25%8 October 2008
EXCLUSIVE: Lenders in UAE reduce loan to value ratios amid global credit crunch.
- Amlak denies merger due to funding difficulties5 October 2008
Dubai mortgage lender says proposed merger with Tamweel will drive growth plans.
- Amlak, Tamweel in merger talks4 October 2008
UPDATE 2: Leading Islamic mortgage lenders have begun 'exploratory discussions' over merger.
- Tamweel axes Al-Shirawi from board15 September 2008
Move comes day after Istithmar suspended prominent business figure as vice-chairman.
- Black day for Gulf markets as stocks nosedive 14 September 2008
Main indexes end day down, with Qatar down 6%, Abu Dhabi and Dubai down 3%.
- Istithmar suspends Al-Shirawi, Kalthoum14 September 2008
UPDATE 2: Ex-Tamweel execs suspended, news sends shares in mortgage lender down 10%.
- Real estate woes leave Gulf shares down11 September 2008
Fatigue selling sets in as Oman index loses another 5% in 30% fall since June 12.
- Tamweel looks to shore up investor confidence10 September 2008
Dubai mortgage lender says latest arrest will not affect finances as shares drop.
- Tamweel deputy CEO arrested9 September 2008
UPDATE 1: Abdulla Nasser Abdulla detained by police in connection with 'ongoing investigation'.
- Trading thin on first day of Ramadan1 September 2008
Total number of shares traded on Saudi index lowest in two years, mixed fortunes elsewhere.
- Tamweel says it's not under investigation21 August 2008
Mortgage lender says corruption probe limited to former CEO and head of investments.
- Tamweel: Corruption probe will not hit profits19 August 2008
Dubai mortgage lender remains on course for 80% profit growth - financial chief.
- Mixed performances on Gulf exchanges17 August 2008
While bribery probe rattles Emirati investors, Saudi sees a positive in naming major shareholders.
- Dubai's zero tolerance pledge on corruption17 August 2008
UPDATE 1: Emirate's public prosecutor promises strict and prompt action against offenders.
- Tamweel down 4% as Shirawi probe continues17 August 2008
UPDATE 1: Islamic lender leads fall on Dubai bourse as investigation continues.
- Police arrest Adel Al Shirawi14 August 2008
UPDATE 2: Tamweel says it is unaware of investigation into dealings of former chief executive.
- Tamweel poised to double its profits6 August 2008
Dubai-based company makes confident prediction in note to investors and shareholders.
- Tamweel earnings triple on mortgage boom21 July 2008
Dubai Islamic mortgage firm posts $57.4mn Q2 profit, but results below forecast.
- Tamweel and Amlak's income soars as Fed cuts kick in29 May 2008
Islamic home finance companies Amlak Finance and Tamweel reported bumper net income in the first-quarter of 2008 as they tapped cheaper funds.
- Demand for commercial space to triple in 3 years14 May 2008
CITYSCAPE: Demand in Abu Dhabi to grow by 1.5 mn m2 per year, Tamweel says.
- Tamweel denies central bank bailout12 November 2008
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