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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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06/02/2026
Over three days at the Kuwait Oil & Gas Show and Conference (KOGS 2026), National Bank of Kuwait took part in dynamic networking activities, expert-led discussions, and targeted knowledge-sharing eng
Kuwait Times
06/02/2026
AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, on Thursday signed a 30-year concession agreement with Aqaba Development Corporation (ADC) to manage an
Trade Arabia
06/02/2026
NMDC Group, a global leader in engineering, procurement, construction and marine dredging, today announced a strong set of financial results for 2025, reporting revenues of AED28.8 billion ($7.84 bil
Trade Arabia
05/02/2026
Invest Qatar, the Investment Promotion Agency of Qatar, and Doha Bank have announced a strategic partnership aimed at further enhancing the ease of doing business for foreign investors entering the Q
Gulf Times
05/02/2026
In celebration of Kuwait's national holidays, in which the country commemorates its beautiful history and achievements, National Bank of Kuwait announced a limited-edition issuance of KWD Visa Prepai
Kuwait Times
Financial Information Co.
Saudi Arabia