Dubai Islamic Bank Extends Deadline Of Tamweel Share Swap Offer

Dubai Islamic Bank (DIB) today announced that it has extended the deadline for acceptance of Tamweel share swap applications, to allow adequate time for shareholders to complete administrative formalities. The offer will now remain open until 5pm on Saturday, March 30, 2013.

Emirate:  Dubai

Date: Mar 17, 2013

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ubai Islamic Bank shareholders approve 100 per cent acquisition of Tamweel

Following the conclusion of its Extraordinary General Assembly Meeting (EGM), Dubai Islamic Bank (DIB) announced that the assembly has approved its 100 per cent acquisition of Tamweel PJSC, the Islamic home finance provider.

Emirate:  Dubai

Date: Mar 4, 2013

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Dubai Islamic Bank Publishes Formal Offer For Tamweel

Following approval from the Securities and Commodities Authority (SCA), Dubai Islamic Bank PJSC (DIB) has published its formal offer for the shares in Tamweel PJSC it does not currently own.

Emirate:  Dubai

Date: Feb 25, 2013

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Dubai Islamic Bank Publishes Formal Offer For Tamweel

Tamweel PJSC shareholders will receive a copy of the Offer, the Offer Statement and the Acceptance Form by mail. In order to participate in the offer, qualifying shareholders have to submit acceptance forms directly to an appointed broker or custodian.

Emirate:  Dubai

Date: Feb 24, 2013

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Tamweel Completes Repayment Of USD 300 Million Sukuk

Tamweel PJSC, the UAE Islamic home finance provider, today announced that it has repaid in full a USD 300 million five-year Sukuk, which matured in January 2013.

Emirate:  Dubai

Date: Jan 30, 2013

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Tamweel Reports Steady Operating Income Of AED 603 Million For 2012

Tamweel PJSC, the UAE Islamic home finance provider, today announced its financial results for the year ending December 31, 2012.

Emirate:  Dubai

Date: Jan 22, 2013

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Dubai Islamic Bank announces its intention to take over 100% of Tamweel

The Board of Directors of Dubai Islamic Bank PJSC (DIB), in a board meeting today, have discussed and approved an additional business matter item in regards to the bank’s intention of acquiring 100 percent of Tamweel.

Emirate:  Dubai

Date: Jan 3, 2013

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RE: Fire at Tamweel Tower

"At Tamweel, our very highest priority is the safety and well-being of the owners and residents," said Varun Sood, Acting Chief Executive Officer, Tamweel.

Emirate:  Dubai

Date: Nov 18, 2012

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Tamweel reports steady operating income on the back of rising property prices for first nine months of 2012

Tamweel PJSC, the UAE Islamic home finance provider, today announced its financial results for the period ending September 30, 2012.

Emirate:  Dubai

Date: Oct 23, 2012

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Nine Out Of Ten UAE Home Buyers Now End-Users, Reports Tamweel

Tamweel reports that today’s end-users availing home finance stands at approximately 90%, demonstrating a positive change in the UAE home finance market.

Emirate:  Dubai

Date: Oct 14, 2012

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