Amlak redeems further AED100 million of Mudaraba Instrument
Amlak Finance PJSC, a leading specialised real estate financier in the Middle East,
Dubai - Wam
Amlak Finance PJSC, a leading specialised real estate financier in the Middle East, Monday announced that it has redeemed an additional AED100 million of the Mudaraba Instrument in November 2017, reaching AED309 million in total. This represents 21 percent of the Mudaraba Instrument.
Amlak’s restructuring proposal allowed financiers to swap AED1.3 billion of their original facilities to a convertible Mudaraba instrument. The instrument is fully convertible into company shares, if not redeemed, by the end of the 12th year of the restructuring period from monetisation of Amlak’s real estate assets value growth.
Commenting on the achievements, Arif Alharmi, Managing Director and CEO of Amlak, said "We are pleased that, despite certain headwinds, we have successfully paid 21 percent of the Mudaraba Instrument. Going forward, we seek to remain committed and on track in our commitments to financiers."
Source: Wam
GMT 12:10 2017 Wednesday ,06 December
Sahalah FM Brings 360 Building Services to The KingdomGMT 12:59 2017 Monday ,27 November
Awqaf donates AED400,000 to Mohammed bin Rashid Housing EstablishmentGMT 22:28 2017 Sunday ,26 November
Fears of oversupply in Dubai are exaggeratedGMT 20:58 2017 Sunday ,26 November
Why invest in Reits vs direct property ownershipGMT 20:50 2017 Sunday ,26 November
Occupancy rises in ENBD Reit portfolio
- Monday ,27 November GMT 12:59 2017 Awqaf donates AED400,000 to Mohammed bin Rashid Housing Establishment
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:31 2014 Tuesday ,23 December
Mirages of failure: Lebanon cannot wait
GMT 05:09 2024 Tuesday ,06 February
The Saudi-led Arab Coalition Forces have targeted a meeting of Houthi commanders in Beit Al Faqih, Hodeidah, killing scores of the
GMT 09:54 2018 Friday ,12 January
Pickups, SUVs in spotlight at 2018 Detroit auto show
GMT 22:25 2017 Saturday ,06 May
Emir Arrives in Warsaw
GMT 12:38 2017 Tuesday ,07 February
Jordanian woman establishes a project to present gifts
GMT 11:10 2018 Thursday ,30 August
Ariana Grande will perform at Aretha Franklin’s funeral
GMT 21:45 2017 Monday ,15 May
European Parliament: Doha Forum to Address Global Problems
GMT 08:41 2017 Sunday ,17 September
Algerian, Pakistani and Burkina Faso pilgrims
GMT 20:41 2016 Monday ,04 April
Israeli energy company reduces power to Bethlehem
GMT 03:26 2017 Saturday ,21 October
UAE Ambassador to Egypt attends launch of Arabic edition
GMT 06:31 2017 Wednesday ,03 May
DERASAT, Tamkeen sign MoU
GMT 01:51 2017 Friday ,16 June
Bahrain detains Qatari sympathiser
GMT 11:11 2017 Wednesday ,01 March
Led by Coldplay, anti-poverty concert heads to Europe
GMT 18:13 2017 Thursday ,23 November
Fleetwood, McIlroy confirmed for Abu Dhabi HSBC Championship
GMT 07:21 2017 Friday ,03 November
Africa's entrepreneurs share secrets to successGMT 15:46 2012 Thursday ,19 January
Dubai - home to world’s tallest residential skyscraper cluster
GMT 13:02 2013 Friday ,09 August
At least 30 hurt in Indian Kashmir clashes
GMT 08:55 2017 Monday ,19 June
Abdullah bin Zayed visitsGMT 13:56 2011 Monday ,01 August
Dhs20m Sharjah road project ready
GMT 09:51 2015 Sunday ,18 October
German real estate market in takeover surge
GMT 14:47 2017 Monday ,13 February
Adele sweeps 59th Grammy Awards to be big winner
GMT 23:59 2017 Sunday ,19 March
How harmful are apricot seeds?GMT 17:40 2012 Wednesday ,11 April
Miami\'s Fontainebleau resort
GMT 14:56 2013 Friday ,27 September
\'From Our Hearts To Yours\' by Jones
GMT 03:43 2014 Thursday ,06 February
Raymond Cooper retraces steps of his life in new book of poems
GMT 09:57 2017 Saturday ,16 September
Tunisian security broke up terrorist cells in Kasserine
GMT 18:54 2017 Wednesday ,11 October
LEO (July24th-August23rd)GMT 13:16 2011 Wednesday ,07 September
8 road projects under implementation in Dammam
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor