Arab Today, arab today former ceo \committed crimes\ alleges bahrain\s unicorn
Last Updated : GMT 04:12:39
Arab Today, arab today
Arab Today, arab today

Former CEO \'committed crimes\', alleges Bahrain\'s Unicorn

Arab Today, arab today

Arab Today, arab today Former CEO \'committed crimes\', alleges Bahrain\'s Unicorn

Dubai - Arabstoday

Islamic mortgage lender Tamweel , whose shares resumed trading in May, will issue a $300-$500 million sukuk, or Islamic bond, in the fourth quarter, the acting chief executive of the Dubai-based company said on Tuesday. \"The plan is to be out with something in the last quarter,\" Varun Sood told reporters at a property event in Dubai, adding the sukuk could be priced in dollars or Malaysian ringgit. \"We are keeping multiple options open with conditions in the market being what they are.\" \"There is demand for Islamic paper so that is basically what we are banking on.\" Dubai Islamic Bank raised its stake in Tamweel to 57.33 percent last September, effectively rendering the mortgage lender a subsidiary of the bank. \"Being part of Dubai Islamic Bank there is no issue of liquidity but at the same time we are required to be a self sustaining business.\" Tamweel has appointed three banks for the sukuk, but Sood declined to give further details. The UAE government said in November 2008 it aimed to merge Tamweel and rival Amlak after the collapse of Dubai\'s real estate sector pushed both Islamic lenders deep into the red. That plan was effectively scrapped after the DIB deal with Tamweel and resolution for Amlak has yet to be announced. Tamweel reported a second-quarter net profit of AED27.7 million ($7.5 million) compared with AED5.4 million in the same period last year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today former ceo \committed crimes\ alleges bahrain\s unicorn Arab Today, arab today former ceo \committed crimes\ alleges bahrain\s unicorn

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today former ceo \committed crimes\ alleges bahrain\s unicorn Arab Today, arab today former ceo \committed crimes\ alleges bahrain\s unicorn

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday