The CEO of Amlak Finance, the UAE’s major mortgage provider that recently announced plans of a merger with Tamweel, is well connected throughout the region’s banking sector.
October 6, 2008 11:05 by kippreport
Alharmi joined Amlak in May last year as its CEO. Before that, he was heading Amanah Commercial Banking at HSBC Middle East, responsible for setting up and developing the bank’s Islamic Corporate Banking.
In his 17-year long banking career, he has also worked with Dubai Islamic Bank, ABN AMRO Bank and National Bank of Fujairah.
Currently, he will be busy working out the details about the recently announced plans for the merger between Amlak and UAE’s other major mortgage lender, Tamweel. The two have a combined balance sheet of $7.35bn, and the Dubai government has a large stake in both the publicly-listed companies.
The planned merger is due to be completed next year.