Tamweel's stock surged more than 10 per cent yesterday after the Sharia-compliant mortgage provider approved a 5 per cent cash dividend, its first since the global financial crisis in 2008. The US$50 million payout to shareholders comes after the company
During the AGM, the assembly approved the distribution of a cash dividend of five per cent of the company’s paid-up share capital, amounting to AED 50 million. The company’s 2011 financial results were also approved. For the 12 months ending December 31,