News
4 January 2018

Cairo, Egypt, 04 January 2018 – Marseilia Group today announced the signing of a Memorandum of Understanding (MoU) with the UAE-based Amlak Finance PJSC to develop an urban project in Nasr City District, Cairo. The MoU is under the sponsorship of National bank of Egypt (Dubai International Financial Centre) (NBE…   Read more

Bookmark and Share
1 January 2018

  The development of 54 villas has been completed, and handover to commence by December 2017 This marks the first time which Amlak has developed fully-owned property. Dubai, UAE 28 December 2017 – Amlak Finance PJSC, a leading specialized real estate financier in the Middle East, has announced the completion…   Read more

Bookmark and Share
13 December 2017

Implementation of Value Added Tax (VAT): VAT shall be effective in the UAE from January 01, 2018 and will be applicable on fees as recommended by the Law. It is expected that fee based financial services will be taxed but margin based products are likely to be exempt. The current prices indicated in Amlak’s Standard…   Read more

Bookmark and Share
27 November 2017

   AED 100 Million of the Mudaraba Instrument including Profit in Kind (PIK) has been redeemed and paid to the financiers on November 23 2017 A total of AED 309 Million (21%) of the Mudaraba Instrument has been redeemed till date against  its expected conversion at 2026   Dubai, UAE 27 November 2017…   Read more

Bookmark and Share
7 November 2017

  Q3 2017 Net Profit stands at AED 14 Million, an increase of 100% compared to Q3 2016 Total Assets stand at AED 6.6 billion Dubai, UAE 06 November 2017 – Amlak Finance PJSC, a leading specialized real estate financier in the Middle East, today announced its financial results for the nine months period ending…   Read more

Bookmark and Share