Sheikh Khaled bin Zayed al-Nehayan

Merger with Amlak unlikely, says Tamweel chairman

Sheikh Khaled bin Zayed al-Nehayan, chairman of Tamweel, has said that the merger with Islamic lender Amlak has likely been scrapped. The biggest shareholder in Tamweel is Dubai Islamic Bank and there are no longer any thoughts on a merger, at least not at the present moment.

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