Tamweel launches property investment subsidiary

DUBAI — Tamweel, the largest provider of real estate finance in the UAE, announced yesterday the establishment of Tamweel Properties & Investments LLC, a fully owned subsidiary that will focus on real estate investment and also offer brokerage services.

By A Staff Reporter

Published: Tue 3 Jun 2008, 12:34 AM

Last updated: Sun 5 Apr 2015, 1:06 PM

This announcement follows the company's recent Extraordinary General Meeting, during which the assembly approved the amendment of Tamweel's articles of association to permit the company to be structured as a holding company, and its activities to be operated by several member companies within its overall ownership. Wasim Saifi will serve as the Group Chief Executive Officer of Tamweel Holdings.

Tamweel Properties and Investments has been established with a paid-up capital of Dh400 million and assets under management in excess of Dh4 billion.

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