Amlak Finance PJSC Launches First-Of-Its-Kind ‘Istithmari’ Property Finance Product

  • Amlak’s ‘Istithmari’ offers comprehensive ‘one-stop-shop’ solution for property investors

Dubai, UAE 18 May 2015: Amlak Finance PJSC, the leading specialized real estate financier in the Middle East, has recently launched its ‘Istithmari’ finance product, the first-of-its-kind Property Finance product in the region.

At a time when the property market is considered to have slowed down and stabilized, Amlak’s ‘Istithmari’ product remains competitive and aligned with current market needs.

Commenting on the product launch, Arif Alharmi, Managing Director of Amlak Finance PJSC, said: “We are very pleased to be launching our Istithmari finance product. 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”.

Istithmari is supported by years of experience and fundamental expertise in the area of real estate financing. It caters to investors in ready residential and commercial properties. It comes with a built-in property management services package and advisory assistance, offering our 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 re-admission process on the DFM expected in May 2015.

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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.