Tamweel PJSC, UAE's leading provider of home finance, has declared its financial results for the first half year.
Shaikh Khaled bin Zayed bin Saqer Al Nahayan, Chairman of Tamweel announced that the company posted a second quarter net profit of Dh38.94 million with an increase of 313 per cent compared to the same quarter last year. The result for the first half year of Dh49.64 million which is an increase of 160 per cent over the same period 2005, excludes a net non-operating income of Dh699 million from IPO oversubscription.
