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05 June 2023

Amlak plans to pay 10% cash dividend

By Agencies


Dubai-based Islamic mortgage company Amlak Finance proposed a 10 per cent cash dividend, the firm said in a statement on the bourse website on Tuesday.

The UAE's largest mortgage lender by market value almost quadrupled fourth-quarter net profit as it more than doubled in the income it made from its home loan business. (Reuters)