Amlak Finance P.J.S.C

Ticker/ISIN

AMLAK

AEA001201010

Market/Country

Dubai Financial Market

United Arab Emirates

About Amlak Finance P.J.S.C

Country of Origin: United Arab Emirates (U.A.E)

Amlak Finance P.J.S.C (the “Company”) was incorporated in Dubai, United Arab Emirates, on 11 November 2000 as a private shareholding company in accordance with UAE Federal Law No (8) of 1984, as amended, at the constituent shareholders meeting held on 9 March 2004, a resolution was passed to convert the Company to a public joint stock Company.

The Company is licensed by the UAE Central Bank as a finance company as is primarily engaged in financing and investing activities such as Ijara, Murabaha, Mudaraba and Musharaka. The activities of the Company are conducted in accordance with Islamic Sharia’a, which prohibits usury, and within the provisions of its Articles and Memorandum of Association. In 2007, the Company obtained a license from the Real Estate Regulatory Authority, Dubai, United Arab Emirates to start Escrow Management service operations

Latest Pressrelease Summaries from Amlak Finance P.J.S.C

On January 3, 2025, the Board of Directors of Amlak Finance PJSC passed resolutions by circulation concerning regular internal matters. This information was communicated to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, by Lama Takieddin, Head of Corporate Governance and Company Secretary. A copy was also sent to the Securities & Commodities Authority.

Disclosure: Results of Board Decisions by Passing

för 7 dagar sedan

The Board of Directors of Amlak Finance PJSC plans to make decisions by circulation on Friday, January 3, 2025, at 3 PM, regarding regular internal matters. This notification is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and is sent by Lama Takieddin, Head of Corporate Governance and Company Secretary. The Securities & Commodities Authority is also copied on this communication.

Disclosure: Board Decisions by Passing

för 11 dagar sedan

On 27 December 2024, a letter was addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, providing an update on negotiations between Amlak Finance PJSC and its financiers regarding their exit from the Common Terms Agreement. Since the start of negotiations on 2 May 2023, Amlak has settled with six financiers, reducing liabilities by AED 800 million. An agreement has been reached with the remaining six financiers on a repayment plan for the outstanding AED 1.4 billion, with full repayment scheduled by October 2026. This will involve selling some of the company's assets, including plots in Ras Al Khor, pending shareholder approval. The agreement's governing documents are being drafted, and the market will be informed of any updates. The letter was signed by Lama Takieddin, Head of Corporate Governance and Company Secretary, and copied to the Securities & Commodities Authority.

Disclosure: Notification from the company

för 14 dagar sedan

On 11 December 2024, Amlak Finance P.J.S.C held a board meeting from 3:00 PM to 4:00 PM. Seven board members were present, achieving a 100% quorum. The meeting focused on discussing normal business-related matters. Lama Takieddin, the Head of Corporate Governance and Company Secretary, was the authorized signatory.

Disclosure: Results of BOD Meeting

för en månad sedan

Amlak Finance PJSC is scheduled to hold a meeting on Wednesday, 11 December 2024, starting at 3:00 PM. The agenda includes discussions on normal business activities and updates. The authorized signatory for the meeting is Lama Takieddin, who holds the position of Head of Corporate Governance & Company Secretary.

Disclosure: BOD meeting

för en månad sedan

On 27 November 2024, Amlak Finance P.J.S.C held a board meeting from 3:00 PM to 4:00 PM. Five board members were present, achieving a quorum of 71%. The meeting focused on discussing routine business matters. The authorized signatory for the meeting was Lama Takieddin, who serves as the Head of Corporate Governance and Company Secretary.

Disclosure: Results of Board Meeting

för en månad sedan

On November 21, 2024, a letter was addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market, regarding a meeting of the Board of Directors of Amlak Finance PJSC. The letter, sent by Lama Takieddin, Head of Corporate Governance and Company Secretary, informed that contrary to the previous disclosure on November 18, 2024, about making a decision by circulation on November 21, 2024, it has been decided to hold a Board meeting on November 27, 2024, at 3:00 PM to discuss regular company matters. Consequently, no decision will be made by circulation. A copy of the letter was also sent to the Securities and Commodities Authority.

Disclosure: Postponing BOD meeting date

för 2 månader sedan

The letter, dated 18 November 2024, is addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market. It serves as a notification regarding a resolution by the Board of Directors of Amlak Finance PJSC. The board plans to pass this resolution by circulation on Thursday, 21 November 2024, at 3 pm, concerning regular and internal matters. The letter is signed by Lama Takieddin, the Head of Corporate Governance and Company Secretary, and a copy is sent to the Securities & Commodities Authority.

Disclosure: Board Decisions by Passing

för 2 månader sedan

Threads

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DFM News

News Update From Amlak Finance P.J.S.C för ett år sedan

Disclosure: BOD meeting

1. Attached Document

DFM News

News Update From Amlak Finance P.J.S.C för ett år sedan

Disclosure: Preliminary financial results for the year of 2023

1. Attached Document

DFM News

News Update From Amlak Finance P.J.S.C för ett år sedan

Disclosure: Results of BOD meeting

1. Attached Document

DFM News

News Update From Amlak Finance P.J.S.C för ett år sedan

Disclosure: BOD meeting

1. Attached Document

BondSharesBond

Commented on FinanceBroAEDs Transaction regarding Amlak Finance P.J.S.C för ett år sedan

A bold move, FinanceBroAED. Consider diversifying into Communication Services. Red numbers today, green tomorrow. Keep the faith.

BondSharesBond

Commented on FinDiesels Transaction regarding Amlak Finance P.J.S.C för ett år sedan

FinDiesel, buying Amlak amidst a downturn, bold move indeed. Keep your eyes on the prize, remember - it's not about timing the market, but time in the market. Cheers!

ConsumerPrincess

Commented on JohnnyDebts Transaction regarding Amlak Finance P.J.S.C för ett år sedan

Interesting move buying Amlak Finance P.J.S.C. Despite the recent dip, it could be a good long-term play. Keep an eye on the Financials sector.

DFM News

News Update From Amlak Finance P.J.S.C för ett år sedan

Disclosure: Results of Board Decision by Passing

On December 29, 2023, the Board of Directors of Amlak Finance PJSC passed a resolution concerning regular and internal matters. This information was communicated to Mr. Hamed Ahmed Ali, the Chief Executive Officer of Dubai Financial Market. The communication was also forwarded to the Securities & Commodities Authority.

1. Attached Document

DFM News

News Update From Amlak Finance P.J.S.C för ett år sedan

Disclosure: Board Decisions by Passing

On 26th December 2023, a letter was sent to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, from Lama Takieddin, the Head of Corporate Governance and Company Secretary of Amlak Finance PJSC. The letter notifies Mr. Ali that the board of directors of Amlak Finance PJSC will consider a resolution concerning regular and internal matters on 29th December 2023 at 3 pm. A copy of the letter was also sent to the Securities & Commodities Authority.

1. Attached Document

DFM News

News Update From Amlak Finance P.J.S.C för ett år sedan

Disclosure: Results of BOD meeting

1. Attached Document

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