Amlak Announces Date for resumption of Share Trading on DFM

21/05/2015 10:15 AST

Amlak Finance PJSC, the leading specialized real estate financier in the Middle East, announced in its Board of Directors meeting yesterday that it has endorsed 2nd June 2015 as the date for company shares to restart trading on the Dubai Financial Market (DFM), subsequent to receiving approval from the relevant regulatory authorities.

Commenting on the Board’s decision, Arif Alharmi, Managing Director of Amlak Finance PJSC, said: “The board’s decision for the re-admission of our shares on the DFM on 2nd June 2015 will mark the last step for us in the restructuring process and resumption of trading.”

He further added: “On behalf of Amlak, I would like to extend my gratitude to the UAE government, the regulatory authorities and to the Steering Committee for working closely with us during our restructuring process, and their support in enabling us to return to the market.”

The return to share-trading follows shareholders’ approval of financial statements of the period 2008 to 2014 and re-admission process at DFM at last month’s Annual General Meeting (AGM). The re-admission was later approved by the SCA.


Press Release

News

Amlak Finance 2017 net profit more than halves as revenues slump

13/02/2018

Dubai-based mortgage lenderAmlak Finance on Monday recorded more than 50 per cent slump in 2017 full-year net profit after revenues declined for Sharia-compliant home financier amid a softer property

The National

Bahrain's Amlak names contractor for new project

22/01/2018

Bahrain's Amlak Social Insurance Organization Development Company, the real estate arm and wholly-owned subsidiary of the Social Insurance Organization (SIO), has appointed Al Ghanah Group as the mai

Trade Arabia

Marseilia and Amlak Finance sign MoU to develop urban project in Cairo

07/01/2018

The MoU is under the sponsorship of National bank of Egypt (Dubai International Financial Centre) (NBE – DIFC).

The MoU was signed by Yasser Ragab, Chairman of Marseilia Group, Arif Alharm

CPI Financial

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941

Valuation

AMLAK Sector Market
P/E
Price/BookValue

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
FAB 11.95 0.20 (1.70%)
NCB 64.98 0.35 (0.54%)
RJHI 76.03 0.78 (1.03%)
EMIRATESNBD 10.65 0.05 (0.47%)
SAMBA 26.98 0.59 (2.23%)

Recent News

SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap