Amlak announces approval for its debt restructuring

DUBAI, UAE: Amlak Finance PJSC, a leading specialized real estate financier in the Middle East, announced that it has achieved 95% approval on its debt restructuring terms. The remainder 5% represents only three creditors out of twenty seven and negotiations with them are currently underway. Amlak continues to work with… Continue reading

Amlak Finance posts 11% increase in revenues

DUBAI, UAE: Amlak Finance PJSC, a specialized Islamic real estate financier, announced its financial results for the 9-month period ending September 30, 2019, wherein total revenues for the first 9 months of 2019 amounted to AED 263 million; an increase of 11% compared to AED 236 million during the same… Continue reading

Amlak wins AED780 million in an arbitration

DUBAI: Amlak Finance has been awarded AED 780 million in an arbitration administrated by the Dubai International Arbitration Center since 2013. The ruling has also awarded Amlak Finance its legal costs and additional compensation. Amlak will proceed with the legal proceeding to execute the ruling and recover the amounts due… Continue reading

Amlak Finance’s profits decline in Q1 2019

DUBAI, UAE: Amlak Finance, a leading specialized Islamic real estate financier in the Middle East, announced its financial results for the first quarter ended March 31, 2019. The company reported net profit of AED 2 million in Q1 2019 compared to AED 7 million net profit in Q1 2018.[the_ad id=”31605″]The… Continue reading

UAE’s Amlak Finance posts decline in profits for 2018

DUBAI, UAE: Amlak Finance PJSC, a leading specialized Islamic real estate financier in the Middle East, has announced its Full Year Financial Results for the year ended December 31, 2018, and reported net loss of AED 272 million at the end of December 2018 compared to AED 51 million net profit in… Continue reading