ArabianBusiness.com - Middle East Business News
Saturday, 22 November 2008 | 21:44 UAE time

COMPANY SEARCH:

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
As of 20 Nov 2008 09:59 GMT (Market Closed)

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

tamweel@tamweel.ae

W

www.tamweel.ae

COMPANY OVERVIEW

Ownership Type Established on Employees
Public Joint stock 22 Nov 2008 -

MAJOR SHAREHOLDERS

NameCountry
Dubai Islamic Bank UAE
Global Investment House Kuwait
Istithmar World Capital UAE

PORTFOLIO

NameCountry
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 DIRECTORSPosition
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
MANAGEMENTPosition
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
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. All markets data located on ArabianBusiness.com is subject to the ArabianBusiness.com Terms & Conditions. Content should be used for general information use only. Charts and statics display delayed intraday data. Share price information may be rounded up/down and therefore may not be entirely accurate Selected data supplied by Reuters Limited. Click for Restrictions.