Amlak Announces Date For Resumption Of Share Trading On DFM

Dubai, UAE 21 May 2015: Amlak Finance PJSC, the leading specialized real estate financier in the Middle East, announced in its Board of Directors meeting yesterday that it has endorsed 2nd June 2015 as the date for company shares to restart trading on the Dubai Financial Market (DFM), subsequent to receiving approval from the relevant regulatory authorities.

Commenting on the Board’s decision, Arif Alharmi, Managing Director of Amlak Finance PJSC, said: “The board’s decision for the re-admission of our shares on the DFM on 2nd June 2015 will mark the last step for us in the restructuring process and resumption of trading.”

He further added: “On behalf of Amlak, I would like to extend my gratitude to the UAE government, the regulatory authorities and to the Steering Committee for working closely with us during our restructuring process, and their support in enabling us to return to the market.”

The return to share-trading follows shareholders’ approval of financial statements of the period 2008 to 2014 and re-admission process at DFM at last month’s Annual General Meeting (AGM). The re-admission was later approved by the SCA.

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About Amlak Finance

About Amlak

Amlak Finance PJSC is a leading specialized real estate financier in the Middle East. Since its establishment in November 2000 as the region’s pioneer financial services provider, it has provided its customers with innovative, Sharia-compliant property financing products and solutions designed to meet the rapidly evolving market demands.