Principal Activities
Provides Islamic personal financing and lending services.
Date of Establishment Year
2004 (March)
No of Employees
N/A (194 Company, N/A Group, 190 Headquarters) (As of Mar 07, 2011)
|
Address:
Tamweel Tower 1st Floor Jumaira Lake Area P.O. Box 111555 Dubai
United Arab Emirates
Tel: +971 4-294-4400 Fax: +971 4-295-0229 Email:
tamweel@tamweel.ae
Website:
www.tamweel.ae
Listing Date:
10Jul06
Size of Offering:
$152.74M
Equity Offering:
55%
Lead Managers:
The National Investor
Sukuk Name:
Tamweel Convertible Sukuk
Type of Structure:
Ijarah
Issue Size (mil):
USD 300.00
Sukuk Name:
Tamweel Nonconvertible Sukuk
Type of Structure:
Ijarah
Issue Size (mil):
USD 210.00
Sukuk Name:
Tamweel Nonconvertible Sukuk II
Type of Structure:
Istisnaa
Issue Size (mil):
AED 1,100.00
Sukuk Name:
Tamweel Funding III Sukuk (Tranche 1)
Type of Structure:
Wakala-Modarabah
Issue Size (mil):
USD 300.00
Acquistion
Status
Complete
Acquirer
Target
Announcement Date
04 Nov 2010
Closing Date
04 Nov 2010
|
Major Shareholders  |
Section Updated: 09Nov10
|
|
|
|
|
|
|
Dubai Islamic Bank
|
Corporate |
UAE |
58.25% |
|
Public
|
|
- |
41.75% |
Foreign Ownership Limits
Section Updated: 28Jan10
86%
Nationals
2%
GCC Nationals
4%
Other Arabs
8%
Foreigners
40%
GCC Nationals
40%
Foreigners
|
Direct Investments and Related Entities  |
| Subsidiaries/Associates/Affiliates |
|
|
|
|
| Tahfeez Middle East |
UAE |
100.00% |
| Tamweel Esot |
United Kingdom |
100.00% |
| Tamweel Funding |
UAE |
100.00% |
| Tamweel Properties and Investments |
UAE |
100.00% |
|
Auditors
Banks
Law Firms
| Al Tamimi and Company Legal Advocates |
|
| Financial Results |
31-Dec-09 |
31-Dec-10 |
Yr on Yr |
| |
AED'000 |
AED'000 |
change (%) |
Total revenues  |
765,238
|
627,322
|
(18.02) |
Net profit  |
(54,458)
|
26,024
|
147.79 |
| Total assets |
11,630,529
|
10,193,177
|
(12.36) |
| Paid-up capital |
1,000,000
|
1,000,000
|
0.00 |
| Shareholders' Equity |
2,228,545
|
2,225,256
|
(0.15) |
| Shares outstanding |
1,000,000
|
1,000,000
|
0.00 |
| » View Full Financials |
|