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 06:15 2018 Tuesday ,23 January
Volkswagen clinches record sales
GMT 05:17 2024 Wednesday ,07 February
Amazon to open first cashierless shop
GMT 10:08 2018 Wednesday ,24 January
Microsoft to open 4 data centres
GMT 09:54 2018 Wednesday ,24 January
'Friendly and kind' N. Korean skatersGMT 12:11 2012 Thursday ,29 March
Vehicle museum in Cairo
GMT 09:35 2017 Monday ,13 March
Young pioneers push envelope on freestyle indoor skydivingGMT 17:02 2013 Friday ,08 February
Break-out time for India\'s SlumGods
GMT 13:49 2013 Monday ,22 July
Sahara Swag by Zehra Wajid to hit Couture Fashion WeekGMT 08:41 2012 Saturday ,25 February
Riyad El-Sonbaty is exceptionalGMT 18:26 2012 Friday ,25 May
Yasmine Abdel Aziz to star in \'Hazaza Bazaza\'
GMT 20:33 2017 Saturday ,27 May
Bahrain’s sports
GMT 20:39 2017 Thursday ,26 October
Dubai Media City launches ‘FIT DMC’ Sports Initiative
GMT 06:57 2016 Friday ,18 November
Khalid bin Hamad Theatre Festival inaugurated
GMT 09:57 2017 Monday ,04 September
1.82 mn Volkswagens recalled in China over faulty fuel pumpGMT 04:56 2011 Sunday ,18 September
Crucial mummy found 20 years ago MondayGMT 18:33 2011 Saturday ,03 September
Brazil Kaxinawa Indian \'may be world\'s oldest woman\'
GMT 10:20 2017 Tuesday ,05 September
Human Rights is canceld Council appearance in Geneva: UN
GMT 18:28 2015 Saturday ,10 January
Tim Robbins, Jack Black to star on HBO series 'The Brink'
GMT 14:54 2017 Saturday ,27 May
Dubai Ruler receives Chairman and Committee Members overseeing
GMT 19:29 2017 Wednesday ,06 September
Anand set to make Fide World Cup return
GMT 15:19 2017 Thursday ,04 May
Nepal local polls in doubt amid political turmoil
GMT 19:08 2017 Saturday ,06 May
Ajman Ruler receives South Korean AmbassadorGMT 07:24 2011 Sunday ,30 October
8th Peking University Int\'l Cultural Festival
GMT 08:22 2017 Wednesday ,16 August
Saudi welcomes 728, 098 pilgrims
GMT 07:59 2017 Tuesday ,27 June
Bahrain blames Qatar for military escalation
GMT 17:37 2017 Saturday ,09 September
Indians, Pakistanis to be affected from Trump's repealingGMT 09:07 2011 Monday ,14 November
Nancy Ajram’s new winter look
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