Monday, May 18, 2015
Dubai: Ahead of its relisting of shares on the Dubai Financial Market (DFM), Amlak Finance, the specialised real estate financier, said on Monday it has launched a new property finance product called Istithmari.
At a time when the property market is considered to have slowed down and stabilised, Amlak’s Istithmari product remains competitive and aligned with current market needs, the company said in a statement.
“As Amlak takes its final steps to return to market, we have entered a new phase of business growth, focusing our attention to core business operations and, serving our customers. We look forward to doing this with ‘Istithmari’ and other innovative products,” Arif Alharmi, Managing Director of Amlak Finance PJSC, stated.
The product, which caters to investors in ready residential and commercial properties, comes with a built-in property management services package and advisory assistance, offering investor clients with hassle-free processing, ease of repayments as well as a number of other key benefits.
Amlak recently hosted its Annual General Meeting in April 2015, where its shareholders approved the financial statements of the period 2008 to 2014. Amlak’s shareholders also approved the company’s readmission process on the DFM, expected in May 2015.
Staff Report
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