Amlak Posts Restructuring Report on DFM

Dubai, UAE 25 May 2015: Amlak Finance PJSC, the leading specialized real estate financier in the Middle East, posted a report on the Dubai Financial Market (DFM) on its financial and facilities restructuring process during the years 2008 to 2014.

The report outlines key financial highlights from the year 2008 to date and important events throughout its restructuring process. It also highlights certain key initiatives taken by the Company on cost savings and business turnaround to bring the business operations to stability.

At the end of the restructuring period, and after six years of market absence, the company recorded net profit attributable to its equity holders (after non-controlling interest) of; AED 59 million in 2014 and AED3.7 million in first quarter of 2015.

Subsequent to receiving approval from the Securities and Commodities Authority (SCA), Amlak has recently announced in its ‘Board of Directors’ meeting held on 20 May 2015 that it has endorsed 2 June 2015 as the date for company shares to restart trading on the Dubai Financial Market (DFM).

The return to share-trading marks the last step for Amlak in the restructuring process and resumption of trading and 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 Securities and Commodities Authority.

The full restructuring report can be viewed on the DFM website.

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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.