Following its board meeting held on May 5, 2011, Tamweel also announced its positive financial results for the three months ending March 31, 2011, highlighting the strength of the company’s core operations during a period …Read full article » United Arab Emirates: Thursday, May 05 - 2011 @ 16:04
The delisting follows the completion of the requirement, whereby majority of Tamweel shareholders accepted Dubai Islamic Bank’s tender offer to acquire the remaining shares of Tamweel.
Abdulla Al Hamli, CEO of DIB, said: “We thank the …Read full article » United Arab Emirates: Monday, July 08 - 2013 @ 12:36
Tamweel customers can refer their friends or family to Tamweel, and based upon a pre-defined reward structure, referring customers will be rewarded in cash for each converted referral they submit. The ‘Member-Get-Member’ Promotion has a …Read full article » United Arab Emirates: Sunday, March 27 - 2005 @ 11:06
Net profit was lower in the current year due to exceptional provisions relating to certain ongoing litigations for which the Company made full provision while continuing to fight its rights.
“During 2012, Tamweel continued to …Read full article » United Arab Emirates: Wednesday, January 23 - 2013 @ 10:58
Tamweel reported a net profit of Dhs102m for 2011, compared with Dhs26m in 2010. For the fourth quarter of 2011, the company reported a net profit of Dhs31m, compared to Dhs8m in the same period …Read full article » United Arab Emirates: Sunday, January 29 - 2012 @ 15:50
Beginning November 1, 2010, Tamweel will offer up to 80% financing of the current value of ready residential properties in Dubai and Abu Dhabi. Demonstrating its commitment to meeting the needs of end users, the …Read full article » United Arab Emirates: Sunday, October 31 - 2010 @ 17:20
Tamweel PJSC under incorporation and TNI, the lead manager and book runner for the IPO, had already instructed the banks to refund the surplus subscription amount by the promised due date of March 28. The …Read full article » United Arab Emirates: Sunday, April 16 - 2006 @ 14:02
Following recent proactive reforms at the Dubai Land Department, and in line with global best practices, UAE-based home finance providers and financial institutions that offer mortgages will now receive a Title Deed, which is a …Read full article » United Arab Emirates: Sunday, May 27 - 2007 @ 11:42
• Fully-owned Tamweel subsidiary granted license by Egyptian Mortgage Finance Authority
• Egypt subsidiary to start operations in Q2 2008
• UAE mortgage leader to introduce innovative solutions to high-growth Egyptian market
A fully-owned subsidiary of Tamweel, the Egyptian …Read full article » United Arab Emirates: Wednesday, February 13 - 2008 @ 15:52
The facility, provided under an innovative Sharia-compliant structure (Wakala bil Istithmar), will be used to fund Tamweel’s growth opportunity plans. The financing agreement has been fully vetted by Tamweel’s and EIB’s Sharia Supervisory Boards.
This landmark …Read full article » United Arab Emirates: Saturday, December 08 - 2007 @ 11:23