Emaar Properties PJSC and AMLAK Finance launch new JV
Emaar Properties PJSC and AMLAK Finance PJSC announced the launch of an independent financial services joint venture company.
Emaar Financial Services (Emaar FS) will focus on offering comprehensive brokerage services, investment research and analysis to individual investors, companies and institutions. The joint venture will initially focus on providing services for investors on the Dubai Financial Market (DFM) and Abu Dhabi Securities Market (ADSM).
AMLAK will manage the independent new entity and this is reflected in the composition of the Emaar FS board. Mr Hussein Al Meeza, Chairman of the Executive Committee and Board Member AMLAK Finance, will be the Chairman of Emaar FS, and Mr Mohammed Ali Al Hashimi, CEO of AMLAK Finance, will be the Vice-Chairman of Emaar FS.