Dubai’s Tamweel second quarter profit drops 33 percent
Quarterly profit drops for second straight quarter; Revenue falls, sales costs rise; Cash balance triples from 2011-end; Tamweel pulled asset-backed sukuk sale last week
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Quarterly profit drops for second straight quarter; Revenue falls, sales costs rise; Cash balance triples from 2011-end; Tamweel pulled asset-backed sukuk sale last week
July 11, 2012 12:26Tamweel was planning to raise $235 mln issue; Roadshows completed end of June; Regional investors and traders say deal too complex
July 4, 2012 6:10Dubai-based Islamic mortgage provider Tamweel concluded investor meetings on Monday and said any eventual transaction will be backed by properties and receivables located in Dubai.
June 26, 2012 5:46Tamweel, a unit of Dubai Islamic Bank, has not disclosed a target size for the proposed sale. It kicked off investor meetings on Tuesday in Abu Dhabi and roadshows are due to end on June 25.
June 20, 2012 10:20