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Company News - TAMWEEL
Deyaar And Tamweel Announce New Business Bay Partnership (24 September 2011)
Dubai, September 24, 2011: Two of the most-recognised names in the UAE property and financial sector have partnered to offer residents a unique opportunity to buy a home in the strategically located Business Bay area of Dubai.

Tamweel First Half 2011 Net Profit Rises To AED 54.9 million (20 July 2011)
For the first half of 2011, Tamweel reported a net profit of AED 54.9 million, compared to AED 10.5 million in the same period last year.

Tamweel Expands Portfolio With Launch Of Two New Products (13 July 2011)
Tamweel PJSC, the UAE Islamic home finance provider, announced today the expansion of its Home Finance product suite with the launch of two new products.

Tamweel Shares To Resume Trading On May 10, 2011 Company’s First Quarter Net Profit Rises To AED 27 Million (5 May 2011)
Tamweel PJSC, the UAE Islamic home finance provider, announced today that its shares will resume trading on the Dubai Financial Market on May 10, 2011, subsequent to approval from the Securities and Commodities Authority (SCA).

Tamweel General Assembly Meeting Held (23 March 2011)
Tamweel recently reported a net profit of AED 26 million for 2010, a turnaround from its financial performance in the previous year, when the company reported a net loss of AED 54.4 million.

Tamweel Brings Back ’Baiti’ To Address Home Finance Needs Of UAE Nationals (16 March 2011)
Tamweel will make home finance available to UAE nationals for up to 85 per cent of the current value of ready residential properties in Dubai and Abu Dhabi.

Tamweel Announces 2010 Net Profit Of AED 26 Million (13 February 2011)
Tamweel reported a net profit AED 26 million for 2010, a turnaround from its financial performance in the previous year, when the company reported a net loss of AED 54.4 million.

Tamweel Introduces Promotional Home Finance Profit Rates Starting From 4.99 Per Cent (24 January 2011)
Tamweel PJSC, the UAE Islamic home finance provider, announced today the launch of a promotional finance offer starting at just 4.99 per cent per annum.

Government Of Dubai Gives Dubai Islamic Bank The Final Nod On Tamweel (26 September 2010)
This strategic move is the culmination of intensive efforts over the past few months to resolve the stalemate at Tamweel that will allow the company to resume its core activity of providing mortgages and real estate financing.


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