Saturday, 22 November 2008 | 21:44 UAE time
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
COMPANY DESCRIPTION
Established in March 2004, Tamweel has now financed property worth over AED 9 billion. It provides a range of Sharia-compliant products.In July 2006, Tamweel moved to a public structure with demand for subscriptions exceeding the offering by 485 times.
The company has a Sukuk rating (RMBS) of Aa2 by Moody's and AA by Fitch, and corporate rating A/F1 by Fitch and A3/P2 by Moody's.
KEY INFORMATION
Industry
Mortgage and Home Finance
Address
Business Avenue Building, Port Saeed, 111555, Dubai, UAE
T
971 4 2944400
F
971 4 2944331
E
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 22 Nov 2008 | - |
MAJOR SHAREHOLDERS
| Name | Country |
|---|---|
| Dubai Islamic Bank | UAE |
| Global Investment House | Kuwait |
| Istithmar World Capital | UAE |
PORTFOLIO
| Name | Country |
|---|---|
| Simsari | UAE |
| Tamweel Egypt for Real Estate Finance | Egypt |
| Tamweel Emirates | Egypt |
| Tamweel Funding | UAE |
| Tamweel | Saudi Arabia |
| Tamweel Properties and Investments | UAE |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| HH Sheikh Khaled Bin Zayed Bin Saqr Al Nahyan | Chairman |
| Khaled Mohammed Bin Ali Al Kamda | Vice Chairman |
| Adel Al Shirawi | Board Member |
| Ahmed Bin Sulayem | Board Member |
| Ahmed Butti Al Mehairi | Board Member |
| Saad Mohammed Sharif Abdulrazak | Board Member |
| Wasim Saifi | Board Member |
| Fahad Hamad Bin Fahad Al Muhairy | Board Member |
| MANAGEMENT | Position |
| Wasim Saifi | Group Chief Executive Officer |
| Varun Sood | Chief Executive Officer - Home Finance |
| Sanjay Sharma | Chief Executive Officer - Tamweel International |
| Gaurav Agarwal | Group Chief Finance Officer and Support Services |
| Hamid Chinoy | Group Chief Corporate Service Officer |
| Nabil Abou Alwan | Group Head Marketing and Product Development |
| Raid Jarrar | Head of Credit and Asset Valuation |
| Madhusudhan Pamalparti | Head of Operations |
| Kamel Hamza | Head of International Investments |
| Sherif Mansour | Head of Information Technology |
| Jihad Saba | Group Head of Strategy |
| Reginald King | Head of Audit and Risk Management |
| Sohail Akbar | Head of Sales |
| Hassan Ayoub | Head of Business Development |
| Vikas Gupta | Head of Treasury |
| Abdel Rahman Mohammed | Head of International Operations |
| Andreas Grammas | Head of Organizational Effectiveness |
| Faisal Wahid | Head of Product Development |
| Uday Ghelani | Head of Finance |
| Najwa Al Rawaished | Head of Human Resources and Administration |
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Information correct at the time of publishing. If you are a representative of this company and want to update the details, please email updated information to financials@itp.com providing your name, designation and contact details.
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