• AJMANBANKBOD meeting
  • UAETFInterim condensed financial statements for the 1st QTR of 2017
10:00
01 january 2014
Home > Issuers > Listed Securities > Securities > Company Profile Page

Amlak Finance P.J.S.C

AMLAK
1.060
0.010
0.950%
Summary Period

Trading Summary -

Open Price Closing Price Previous Price Change (%) High Low
Best Buy Best Sell
Buy (Price) Buy (Volume) Sell (Price) Sell (Volume) 52 High 52 Low
Last Trade Number of Trades Volume Value
Date:
Price:
Volume:

Trading Summary Chart -

Daily Summary -

  • Market: DFM
  • Symbol: AMLAK
  • ISIN: AEA001201010
  • Sector: Banks

Company Brief

Country of Origin: United Arab Emirates (U.A.E)

Amlak Finance P.J.S.C (the “Company”) was incorporated in Dubai, United Arab Emirates, on 11 November 2000 as a private shareholding company in accordance with UAE Federal Law No (8) of 1984, as amended, at the constituent shareholders meeting held on 9 March 2004, a resolution was passed to convert the Company to a public joint stock Company.

The Company is licensed by the UAE Central Bank as a finance company as is primarily engaged in financing and investing activities such as Ijara, Murabaha, Mudaraba and Musharaka. The activities of the Company are conducted in accordance with Islamic Sharia’a, which prohibits usury, and within the provisions of its Articles and Memorandum of Association. In 2007, the Company obtained a license from the Real Estate Regulatory Authority, Dubai, United Arab Emirates to start Escrow Management service operations

Key Facts

ESTABLISHED

Nov 11, 2000

AUDITOR

ERNST & YOUNG

FISCAL YEAR END

DECEMBER

REGISTRAR

SHUAA Capital

Board Members

Chairman 
Mr. Ali Ibrahim Mohamed Ismail

DEPUTY

Mr. Essamuddin Hussain Galadari

MEMBERS

Mr. Saleh Saeed Ahmad Lootah
Mr. Farooq Mahmood Mohd Mahmood Arjomand
Mr. Hesham Abdulla Qassim Al Qassim
Mr. Ahmad Hamdan Abdulla Bin Dalmook
Mr. Arif Abdulla Alharmi

Top Management

Managing Director 

Mr. Arif Al Harmi

General Counsel 

Mr. Wasim Mahmoud Maghmoumeh

Chief  Operation Officer
Mr.Gaurav Agarwal 

 

Equity Profile

DATE OF LISTING:

Mar 21, 2004

SECTOR:

Banks

AUTHORIZED CAPITAL:

1,500,000,000.00 AED

ISSUED SHARES:

1,500,000,000.00

PER VALUE SHARE:

1.00 AED

Subsidiaries

 

Amlak Capital LLC Dubai 100.00 %
Amlak Property Investment LLC Dubai 100.00 %
Warqa Heights LLC Dubai 100.00 %
Amlak Sky Gardens LLC Dubai 100.00 %
EFS Financial Services LLC Dubai 57.50 %
Amlak Holding Limited Dubai 100.00 %
Amlak Limited Dubai 100.00 %
Amlak Finance and Real Estate Investment Egypt 100.00 %
Amlak Nasr City Real Estate Investment LLC Egypt 100.00 %
AMLAK International for Real Estate Finance Co Kingdom of Saudi Arabia 26.39 %

Contact Details

Head Office

Dubai

Address

Emaar Business Park Sheikh Zayed Road Dubai - U.A.E

Phone No.

+9714 4274500

Fax No.

+9714 4274502

Email address:

info@amlakfinance.com

Website

http://www.amlakfinance.com

Showing Last 10 Disclosures - AMLAK View all
AMLAK 11-04-2017 08:14 AM

Resolutions of General Assembly

1 File(s)
AMLAK 10-04-2017 10:30 AM

Resolutions of General Assembly

1 File(s)
AMLAK 04-04-2017 07:57 AM

Results of BOD meeting

1 File(s)
AMLAK 29-03-2017 08:58 AM

BOD meeting

1 File(s)
AMLAK 22-03-2017 03:01 AM

Invitation of General Assembly

1 File(s)
AMLAK 08-03-2017 02:48 AM

Press release regarding financial results for the year of 2016

1 File(s)
AMLAK 08-03-2017 02:47 AM

Consolidated financial statements for the year 2016

1 File(s)
AMLAK 07-03-2017 08:17 AM

Results of BOD meeting including the date of General Assembly

1 File(s)
AMLAK 01-03-2017 02:41 AM

BOD meeting

1 File(s)
AMLAK 01-03-2017 10:30 AM

Financial statements for the year of 2016

1 File(s)
Showing Last 10 Issuer News - AMLAK View all
AMLAK 16-02-2017 03:01 AM

Press release

1 File(s)
AMLAK 15-08-2016 02:48 AM

Press release

1 File(s)
AMLAK 09-12-2015 02:46 AM

Press release

1 File(s)
Showing Last 10 Financial Reports - AMLAK View all
AMLAK 01-03-2017 10:30 AM

Financial statements for the year of 2016

1 File(s)
AMLAK 30-09-2016 10:30 AM

Financial statements for the 3rd QTR of 2016

1 File(s)
AMLAK 30-06-2016 12:02 AM

Financial statements for the 2nd QTR of 2016

1 File(s)
AMLAK 01-05-2016 02:20 AM

Financial statements for the 1st QTR of 2016

1 File(s)
AMLAK 31-03-2016 04:14 AM

Financial statements for the year of 2015

1 File(s)
AMLAK 03-11-2015 03:46 AM

Financial statements for the 3rd QTR of 2015

1 File(s)
AMLAK 12-08-2015 03:43 AM

Financial statements for the 2nd QTR of 2015

1 File(s)
AMLAK 14-05-2015 03:30 AM

Financial statements for the 1st QTR of 2015

1 File(s)
AMLAK 11-03-2015 03:30 AM

Financial Statements for the year 2014

1 File(s)
AMLAK 16-11-2011 12:09 AM

Third Quarter 2011

1 File(s)
Showing Last 10 General Meetings - AMLAK View all
Meeting Date/TimeApr 10, 2017 05:00:00 PMType of MeetingGeneral Assembly
Net Profit/Loss107 MillionCash Dividend
Bonus Share
Announcements/Resolutions

1 – It was resolved to approve the Board of Directors’ Report concerning the Company’s activities and financial position for the year ending 31 December 2016

2 – It was resolved to approve the Auditors’ Report for the year ending 31 December 2016.

3 – It was resolved to approve the Fatwa and Sharia Supervisory Board Report for the year 2016

4 – It was resolved to approve the Balance Sheet and Profit and Loss Account of the Company for the year ending 31 December 2016.

5 - It was resolved to pay remuneration to the Board of Directors amounting to AED 2,250,000/-.

6- It was resolved to approve the appointment of the Fatwa and Sharia Supervisory Board for the year 2017:

- Dr Mohamed Abdel Hakim Mohamed Zoeir

- Dr Muhammad Qassem

- Sheikh Moosa Tariq Khoory

7– It is resolved to absolve the Board of Directors from liability for the year ending 31 December 2016.

8 – It is resolved to absolve the Auditors from liability for the year ending 31 December 2016.

9 – It was resolved to appoint of M/s Ernst & Young as external auditors of the Company’s financial statements for the financial year 2017 against a fee of AED 630,575/-.

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueThe Palace Hotel Downtown Dubai
1 File(s)
Meeting Date/TimeApr 26, 2016 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss139 mnCash Dividend
Bonus Share
Announcements/Resolutions

1.    The following resolutions were adopted  by the majority of the shareholders present at the meeting:

2.    It was resolved to approve the Board of Directors’ Report concerning the Company’s activities and financial position for the year ending 31 December 2015.

3.    It was resolved to approve the Auditors’ Report for the year ending 31 December 2015.

4.    It was resolved to approve the Fatwa and Sharia Supervisory Board Report for the year 2015.

5.    It was resolved to approve the Balance Sheet and Profit and Loss Account of the Company for the year ending 31 December 2015.

6.    It was resolved to approve the appointment of the Fatwa and Sharia Supervisory Board:

-      Dr Hussain Hamed Hassan (Chairman)

-      Dr Mohamed Abdel Hakim Mohamed Zoeir

-      Sheikh Moosa Tariq Khoory

7.    It was resolved to pay remuneration to the Board of Directors amounting to AED 2,250,000/-.

8.    It is resolved to absolve the Board of Directors from liability for the year ending 31 December 2015.

9.    It is resolved to absolve the Auditors from liability for the year ending 31 December 2015.

10. It was resolved to appoint of M/s Ernst & Young as external auditors of the Company’s financial statements for the financial year 2016 against a fee of AED 573,250/-.

 

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueThe Palace Hotel Downtown Dubai
1 File(s)
Meeting Date/TimeMar 23, 2016 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/LossNACash Dividend
Bonus Share
Announcements/Resolutions

Approving the amendment of the Article of Association of the Company in accordance with the provisions of Federal Law No. 2 of 2015 concerning the commercial companies in United Arab Emirates.

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueThe Palace Hotel Downtown Dubai
1 File(s)
Meeting Date/TimeApr 16, 2015 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss59mnCash Dividend
Bonus Share
Announcements/Resolutions

The following resolutions were adopted  by the majority of the shareholders represented during the meeting:

Approving the Board of Directors’ Report concerning the Company’s activities and the final findings of The Committee to Assess the Condition of some Public Shareholding Companies of the UAE, and the Company’s financial position for the past years from 2008 through to 2014, and the final settlement agreed with the creditors  

Approving the Auditors’ Report concerning the Company’s activities and financial position for the past years from 2008 through to 2014  

Approving the Balance Sheet and Profit and Loss Account of the Company for the past years from 2008 through to 2014.  

Approving to absolve the Board of Directors and the Auditors from liability for the past years from 2008 through to 2014.  

Approving the Fatwa and Sharia Supervisory Board Report for the past years from 2008 through to 2014.  

Approving lifting the suspension on trading of the Company’s shares on the Dubai Financial Market and authorizing the Company’s Board of Directors to obtain the approval from the concerned authorities and to determine the date for the Company’s shares to resume trading.  

it is resolved to elect the new Board of Directors for the upcoming cycle 2015-2018 which consists of :

Ali Ibrahim Mohamed Ismail

Farooq Mahmood Arjomand

Essamuddin Hussain Galadari

Saleh Saeed Lootah

Hesham Abdulla Al Qassim  

Ahmad Hamdan Bin Dalmook

Arif Abdulla Alharmi

Approving the appointment of the Auditors of the Company for the past years from 2009 through to 2014.

Approving the appointment of M/s Ernst & Young as external auditors for the year 2015 against a fee of AED 551,250/-

Approving the decision of the Fatwa and Sharia Supervisory Board to remove its member Mr. Mohammed Abdul Razzaq Al Sedeeq and the appointment of Mr. Moosa Tariq Khoory as his replacement.

It is resolved to pay additional fees to the Board of Directors of the Company in the total amount of AED 4,740,000/- for their special and additional efforts above their normal duties as board members to regularize the financial situation of the Company.

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueThe Palace Hotel
1 File(s)
Meeting Date/TimeMar 24, 2008 04:30:00 PMType of MeetingExtraordinary Meeting
Net Profit/LossAED 568,857,000Cash Dividend
Bonus Share
Announcements/Resolutions- Approved the amendments to its bylaws to comply with Chairperson Decision on Corporate Governance Code for Joint Stock Companies and Institutional Discipline Criteria - Authorized BOD to proceed with the issuance of convertible and non-convertible sukuk
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueDubai Chamber
Meeting Date/TimeMar 16, 2008 04:30:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 568,857,000Cash Dividend10%
Bonus Share
Announcements/Resolutions- Approved BOD’s and Auditor’s report for the financial year ended 31/12/2007 - Approved company’s financial statements for the year ended 31/12/2007 - Approved distribution of 10% cash dividend of the capital as of 31/12/2007 - Absolved the BOD & auditors from responsibility for the year ended 31/12/2007 - Re appointed Ernst & Young as auditors for the year 2008 - Approved of the Fatwa & Shariah Supervisory Board report for the ended 31/12/2008 - Approved of the appointment of Mr. Hesham Abdulla Al Qassim as a member of the BOD
Last Date For Dividend Entitlement24/03/2008Ex-Dividend Date 25/03/2008
Register Closing (Settlement) Date26/03/2008Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueDubai Chamber
1 File(s)
Meeting Date/TimeMar 29, 2007 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 130,423 Thousands Cash Dividend
Bonus Share
Announcements/Resolutions- Approving the BOD report and auditors report - Appointing auditors for the year 2007 - Approving the auditors report, the balance sheet and the profit & loss statement of the company for the year 2006 - Electing Board Members
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueDubai International Financial Center
Meeting Date/TimeMar 25, 2006 05:00:00 PMType of MeetingExtraordinary Meeting
Net Profit/LossAED 106 millionCash Dividend
Bonus Share
Announcements/ResolutionsAppointing Mr. Mohd Ali Al Hashmi as a member in the company Board of Directors
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueDubai Chamber of Commerce & Industry.
Meeting Date/TimeMar 25, 2006 05:00:00 AMType of MeetingAnnual General Meeting
Net Profit/LossAED 106 millionCash Dividend
Bonus Share
Announcements/Resolutions- To approve on the Directors Report about the activities and the financial Position of the company as well as the auditors report for the year ended 31/12/2005. - Approve the financial Statements for the year ended 31/12/2005. - Absolve the BOD & auditors from liability for the fiscal year ended 31/12/2005. - Appoint Ernst & Young as auditors for the year 2006.
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueDubai Chamber of Commerce & Industry
Top ShareholdersLast Refreshed at: 27 April 2017

Individual Investors

ShareholdersPercentage
شركه اعمار العقاريه ش .م.ع 45.00%

  • Article of Association - 0001

Foreign Investments View all
National GCC Arab Other Nationalities
Country of Origin Actual Permitted Actual Permitted Actual Permitted Actual Permitted As of Date:
United Arab Emirates 78.71% 100% 5.41% 40% 7.51% 40% 8.37% 40% 27-04-2017
Showing Last 10 Corporate Governance Reports - AMLAK View all
No data could be found.
Showing Corporate Actions - AMLAK View all
Year2008Corporate Action TypeCash Dividends
Last Date For Action Entitlement3/24/2008Ex-Dividend Date3/25/2008
Register Closing (Settlement) Date3/26/2008Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 10% cash dividends as agreed in their AGM held on 16/03/2008.
Disclaimer
  • Ownership percentage is subject to change based on several reasons including the following:
    1. Trading activity.
    2. Off-Market Transactions such as family and inheritance transfers.
    3. Changes in the nationality status of investors.
    4. Securities deposits and withdrawals to and from DFM for Dual listed companies.
    5. Capital increase by issuing new shares to a strategic investor.
    6. Converting Bonds into shares.
    7. Equity added to the equity of the associated group.
    8. Direct Deals.

 

Percentages are updated daily after 4 pm
Disclaimer
The above published Ownership Percentages:
  • Are updated daily at the end of every trading day based on date of trade and not settlement date.

  • The ownership percentages are rounded off to 2 decimal places

  • Ownership percentages are subject to change due to the following:

    1. Trading activities.

    2. Off-Market Transactions such as family and inheritance transfers.

    3. Changes in the nationality status of investors.

    4. Securities deposits and withdrawals to and from DFM for Dual listed companies.

    5. Capital increases, by issuing new shares to Strategic investor

    6. Converting bonds or Sukuk into shares.

    7. Changes of associated group’s ownership.

    8. Direct Deals. (The ownership percentage is changed immediately after the execution of the deal).

    9. Failed trade settlement.


DISCLAIMER

The information provided in this document is only available in Arabic due to the (Dubai court attestations only being in Arabic herein after referred thereto as (“Information”) is provided by way of general information and comment only. While reasonable care has been taken in producing this Information, changes in circumstances may occur at any time and may impact on the accuracy of the Information. The Information does not constitute professional advice or provision of any kind of services and should not be relied upon as such.  Dubai Financial Market (“DFM”) and/or its affiliates, officers or employees,  does not give any warranty or representation as to the accuracy, reliability, timeliness or completeness of the Information now or in the future. DFM shall not be liable for any loss suffered, directly or indirectly by any person acting in reliance upon the Information contained herein. 


DISCLAIMER

Dubai Financial Market herein after referred to as DFM attempts to ensure data and content on the Website is accurate, there is no charge for provision of data and DFM can only devote limited resources to the Website and any data. Content is only made available "AS IS" and on an "AS AVAILABLE" basis and may not always be accurate or up to date. Content may or may not have been prepared by DFM but is made available without responsibility on the part of DFM. DFM does not guarantee the accuracy, timeliness, completeness, performance or fitness for a particular purpose of the Website or any of the content. No responsibility is accepted by or on behalf of DFM for any errors, omissions, or inaccurate content.