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06 May 04:21 PM

Amlak Finance PJSC (AMLAK)

Last update: 02:55 PM market time.
1.55
-0.08
-4.91%
Open 1.55
Previous Close 1.63
High 1.55
Low 1.55
Stock Statistics
Volume 1,003,297
Turnover 1,555,110.35
All data are 15 minutes late during market session

News

The company has been undergoing restructuring since 2014
10 November 2020 10:43 AM Amlak Finance incurs AED 2bn accumulated losses
Dubai – Mubasher: Amlak Finance has logged accumulated losses of AED 2 billion as of the third quarter (Q3) of 2020, accounting for 133% of the capital. The accumulated losses are attributed to a fair value loss of AED 1.76 billion on investment …
Financial Results
The sale process was executed through ENBD Securities
24 August 2020 10:48 AM Amlak Finance sells 1.13 million shares
Dubai – Mubasher: Amlak Finance has sold 1.127 million of its shares at a price of AED 0.3355 per share. The sale process was executed through ENBD Securities, according to the company's disclosure to the Dubai Financial Market (DFM) on Monday. …
Trading Activities
The project comprises eight labour camps
29 January 2020 04:38 PM Amlak Finance completes AED 158m project in Dubai
Dubai – Mubasher: Amlak Finance on Wednesday announced the completion of the development of its labour camp project in Al Ttay, Dubai, according to a company statement. The project comprises eight labour camps over a built-up area of 567,924 …
Companies Investments
The firm did not announce the selling value
9 December 2019 10:30 AM Amlak Finance sells 25m treasury shares
Dubai – Mubasher: The board of Amlak Finance approved to sell 25 million treasury shares during its meeting held on Sunday. The board consented to commence the selling process during the granted period, taking into consideration the blackout …
Banking and Finance
Total assets stood at AED 6 billion in 9M
13 November 2019 10:01 AM Amlak Finance 9M losses shrink 20%
Dubai – Mubasher: Amlak Finance reported net losses worth AED 41 million during the nine months ended 30 September 2019, down by 20% from AED 51 million in the same period last year. Total revenues soared by 11% to AED 263 million during the same …
Financial Results
Amlak Finance's share price has increased on the back of the arbitrary ruling
7 October 2019 09:29 AM Amlak Finance’s share price increases on arbitrary ruling
Dubai – Mubasher: Amlak Finance, listed on the Dubai Financial Market (DFM), said that its share price has increased in the past few days. This clarification was backed by the company’s recent announcement regarding the ruling that has awarded …
Law
Amlak Finance has obtained all of its legal costs as well as additional compensation
1 October 2019 00:08 PM Amlak Finance wins AED 780m arbitration ruling
Dubai – Mubasher: Amlak Finance was awarded a value of AED 780 million from arbitration that was administrated by the Dubai International Arbitration Center (DIAC) since 2013. In addition, Amlak Finance has obtained all of its legal costs as well …
Company News
Operating costs declined by 3% in 6M
31 July 2019 02:50 PM Amlak Finance’s profit levels down in H1-19
Dubai – Mubasher: Amlak Finance’s net profit declined to AED 4 million during the first half of 2019, compared to AED 11 million, a year earlier. The Dubai-listed company reported a 6% year-on-year increase in revenue during the first six months …
Financial Results
Amlak seeks to reschedule repayments on $1.2 billion of loans with creditors
16 July 2019 01:20 PM Amlak Finance nears restructuring of $1.2bn with creditors
Dubai – Mubasher: Amlak Finance, listed on the Dubai Financial Market (DFM), is close to signing a debt restructuring deal for a second time, two sources familiar with the matter told Bloomberg. The company seeks to reschedule repayments on $1.2 …
Banking and Finance
Operating costs fell by 3% to AED 29 million at the end of March
8 May 2019 11:44 AM Amlak Finance posts AED 2m profit in Q1
Dubai – Mubasher: Amlak Finance on Wednesday revealed it has recorded a net profit of AED 2 million in the first quarter of 2019, down from AED 7 million in Q1-18. Total revenues, including unrealised fair value gain related to investment …
Financial Results
Revenues from financing business activities levelled down 9% to AED 173m
24 March 2019 00:53 PM Amlak Finance posts AED 272m losses in 2018
Dubai – Mubasher: Amlak Finance announced on Sunday a net loss worth AED 272 million for the full-year 2018, against AED 51 million net profit in 2017. The leading specialised Islamic real estate financier in the Middle East recorded a 16% …
Real estate
Amlak’s revenues plunged to AED 342.03 million over the year ended 31 December 2018
12 February 2019 06:08 PM Amlak Finance suffers AED 125m losses in initial FY18 financials
Dubai – Mubasher: The initial financial statements of Amlak Finance showed a net loss of AED 125.6 million during the full-year 2018, against AED 51.33 million in profits in 2017. Amlak’s revenues dropped to AED 342.03 million in the year ended 31 …
Financial Results
The amendments will be applied as of 30 November
14 November 2018 10:01 AM MSCI adds 3 UAE firms to EM Small Cap Index
By: Mahmoud Gamal Dubai – Mubasher: The semi-annual review of the MSCI Emerging Market (EM) index revealed the addition of three companies listed on the Dubai Financial Market (DFM), along with removing four firms from the index. The amendments …
Management Decisions
Marseilia Group eyes EGP 10bn sales from JV with UAE’s Amlak
13 November 2018 09:00 AM Marseilia Group eyes EGP 10bn sales from JV with UAE’s Amlak
By: Abdullah Bedier Cairo – Mubasher: Marseilia for Real Estate Investment is looking to generate EGP 10 billion in sales from Nasr City project anticipated to be executed in partnership with Dubai’s state-run Amlak Finance, the Egypt-based …
Real estate
Amlak Finance suffers AED 64m losses in Q3
8 November 2018 06:12 PM Amlak Finance suffers AED 64m losses in Q3
Dubai – Muabasher: Amlak Finance, listed on the Dubai Financial Market, on Thursday reported a net loss of AED 64 million during the third quarter of 2018, against AED 11.8 million in net profit in the prior-year period. Amlak attributed its Q3 …
Financial Results
The project marks the first Egyptian-Emirati partnership in 2018
24 October 2018 11:14 AM Egypt’s Marseilia, UAE’s Amlak to implement EGP 10bn urban project in Nasr City
By: Abdullah Bedeir Cairo – Mubasher: Marseilia Almasreia Alkhalegeya Real Estate Investment on Wednesday said that investments of its joint project with Dubai’s state-run Amlak Finance in Nasr City amounted to EGP 10 billion, according to the …
Real estate
Net profit stood at AED 4.5 million in the three-month period ended June
1 August 2018 10:57 AM Amlak Finance Q2 profit slides 2%
Dubai – Mubasher: Amlak Finance, in which Emaar Properties holds a 45% stake, posted a 2.1% year-on-year drop in net profit for the second quarter of 2018. Net profit stood at AED 4.5 million in the three-month period ended June, compared to AED …
Financial Results
The project is scheduled to be completed by 2020
16 April 2018 09:38 AM Amlak Finance to launch AED 290m project in Dubai
Dubai – Mubasher: Amlak Finance on Monday unveiled plans to develop a mixed-use project (G+14) in Nad Al Hamar area with a total estimated cost of AED 290 million. The project will be built on an approximate total area of 700,000 square feet in …
Companies Investments
Amlak’s revenue tumbled to AED 432 million in 2017
12 February 2018 11:05 AM Amlak Finance's net profit drops 52% in 2017
Dubai – Mubasher: Amlak Finance on Monday disclosed a 52% decline in net profit during 2017, registering AED 51.3 million, compared to AED 107 million a year earlier. The UAE-based Amlak’s revenue tumbled to AED 432 million in the previous year …
Financial Results
The MoU has been signed between Amlak’s Egyptian real estate unit in Nasr city and Marseilia
4 January 2018 03:25 PM Egypt’s Marseilia, UAE’s Amlak to develop urban project in Egypt
Cairo – Mubasher: Egypt-based Marseilia Almasreia Alkhalegeya Real Estate Investment on Thursday signed a memorandum of understanding (MoU) with Dubai-based Amlak Finance to develop a project under the supervision of National Bank of Egypt (NBE). …
Companies Investments
The project comprises 54 villas
2 January 2018 01:23 PM Amlak Finance completes AED 138m residential project
Dubai – Mubasher: Dubai-based Islamic mortgage lender Amlak Finance on Tuesday announced the completion of its new residential development project in Mirdiff, which is the company’s first fully-owned property. The AED 138 million project comprises …
Companies Investments
Amlak Finance redeemed further AED 100m of mudaraba instrument in November 2017
27 November 2017 10:46 AM Amlak Finance settles AED 100m of mudaraba instrument
Dubai – Mubasher: Amlak Finance on Monday announced that it has redeemed an additional AED 100 million of the mudaraba instrument in November 2017. The Dubai-based company has paid off AED 309 million in total, representing 21% of the mudaraba …
Companies Investments
Net profits rose to AED 14.19 million in Q3-17, from AED 6.71 million in Q3-16, according to a bourse filing
7 November 2017 09:42 AM Amlak Finance sees profits near AED 14m in Q3
Dubai – Mubasher: Amlak Finance on Tuesday said that its profits soared 111.5% year-on-year in the third quarter of 2017. Net profits amounted to AED 14.19 million ($3.86 million) in Q3-17, compared to AED 6.71 million ($1.82 million) in Q3-16, …
Financial Results
Amlak Finance’s stock on Sunday decreased 2.73% by 10:03 am UAE time, reaching AED 1.07 after 726,000 shares were exchanged with liquidity of AED 778,880
17 September 2017 09:21 AM Amlak Finance stock drops early Sunday
Dubai – Mubasher: Amlak Finance’s stock on Sunday decreased 2.73% by 10:03 am UAE time, reaching AED 1.07 after 726,000 shares were exchanged with liquidity of AED 778,880. In the meantime, the Dubai Financial Market (DFM) slipped 0.20% or 7.29 …
Trading Activities
By 10:25 am UAE time, the stock rose 3% to AED 1.3, after 4.19 million shares were exchanged, generating AED 4.7 million
23 August 2017 09:46 AM Amlak Finance stock hits highest level in 2 weeks
Dubai – Mubasher: Amlak Finance’s stock registered its highest level in more than two weeks, or since 7 August, in Wednesday’s early trades. By 10:25 am UAE time, the stock rose 3% to AED 1.3, after 4.19 million shares were exchanged, generating …
Trading Activities