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19/04/2011 00:00 AST
Islamic mortgage lender Tamweel, which stopped trading its shares in November 2008, will resume trading on the Dubai bourse in ten days, an Arabic daily newspaper said on Tuesday.
Abdulla Al Hamli, the chairman of Tamweel was quoted by Al Ittihad newspaper saying the company will be trade on the Dubai Financial Market in the next ten days at the latest.
Tamweel declined to comment on the report.
Tamweel began new mortgage lending earlier this year after Dubai Islamic Bank (DIB) took a majority stake of 57.33 per cent in September 2010. The move effectively rendered Tamweel a subsidary of DIB.
The United Arab Emirates government said in November 2008 it intended to merge Tamweel with rival Islamic mortgage lender Amlak. Shares in the two have not traded since.
Reuters
18/01/2015
Elie Ibrahim had just two days to sell his shares in Tamweel before the mortgage financier was delisted from Dubai's stock exchange.
It was September 29, 2013, and the stock was plummeting
The National
21/04/2014
Tamweel PJSC, a majority owned subsidiary of Dubai Islamic Bank, on Sunday announced its interim financial statements for the period ending March 31.
The company posted profits of Dh31.5 mi
Gulf News
02/04/2014
After months of speculation as to whether there would life in Tamweel Tower again, former residents, owners, developers and everyone else involved can heave a sigh of relief as Emirates 24|7 can reve
Emirates 24|7
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04/04/2025
Oman's Nama Power & Water Procurement Company has announced that it has received bids from 12 major utility project developers for two of its key projects - Misfah IPP within Muscat Governorate and D
Trade Arabia
04/04/2025
Dana Gas, the Middle East's leading publicly listed regional natural gas company, and its partner Crescent Petroleum, the oldest private oil and gas company in the Middle East, together with their pa
Khaleej Times
04/04/2025
Abu Dhabi National Energy Company PJSC (Taqa), one of the largest listed integrated utility companies in Europe, the Middle East and Africa, together with Emirates Water and Electricity Company (EWEC
Khaleej Times
03/04/2025
Oman Cables Industry (OCI), a leading cable solutions provider in the sultanate, has announced that it has delivered solid results for yet another year with its sales turnover for 2024 soaring to RO2
Trade Arabia
03/04/2025
Agility, a supply chain services, infrastructure and innovation company based in Kuwait, has delivered solid results for FY 2024 with KD1.53 billion ($5 billion) in revenue as its operating entities
Trade Arabia
Financial Information Co.
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