Principal Activities
Provides personal and commercial lending and financing services; direct investment in various sectors, all according to Islamic principles; real estate brokerage services and property management; provides real estate business consulting services.
Date of Establishment Year
2000 (November)
No of Employees
110 Company, N/A Group (As of Aug 25, 2011)
|
Listing Date:
21Mar04
Size of Offering:
$112.31M
Equity Offering:
55%
Lead
Managers:
SHUAA Capital
Sukuk Name:
Amlak Finance Sukuk
Type of Structure:
Ijarah
Issue Size (mil):
USD 200.00
Acquistion
Status
Rumored
Acquirer
Target
Announcement Date
19 Dec 2011
Closing Date
19 Dec 2011
|
Major Shareholders  |
Section Updated: 30Nov11
|
|
|
|
|
|
|
Emaar Properties
|
Corporate |
UAE |
45.00% |
|
Public
|
|
- |
55.00% |
Foreign Ownership Limits
Section Updated: 21Dec09
81%
Nationals
7%
GCC Nationals
6%
Other Arabs
5%
Foreigners
100%
GCC Nationals
49%
Foreigners
|
Auditors
Banks
| Dubai Bank |
Dubai Islamic Bank |
| Emirates Islamic Bank |
|
Law Firms
| Financial Results |
31-Dec-09 |
31-Dec-10 |
Yr on Yr |
| |
AED'000 |
AED'000 |
change (%) |
Total revenues  |
712,304
|
581,489
|
(18.37) |
| Net profit |
(177,373)
|
(219,002)
|
(23.47) |
| Total assets |
14,236,698
|
13,121,757
|
(7.83) |
| Paid-up capital |
1,500,000
|
1,500,000
|
0.00 |
| Shareholders' Equity |
1,840,927
|
1,608,665
|
(12.62) |
| Shares outstanding |
1,500,000
|
1,500,000
|
0.00 |
| Market capitalization |
|
1,530,000
|
N/A |
| » View Full Financials |
|
- 5.56%
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