Amlak Finance Plans to Enter Gulf Markets

(MENAFN - Arab News) DUBAI, 8 November 2007 — Amlak Finance , the largest publicly listed Islamic finance company and pioneer of home finance in the UAE, plans to enter GCC markets after its success in the UAE market. “We will be active in Riyadh very soon in collaboration with a highly reputed local partner and we have already entered in Egypt” Arif Alharmi, CEO of Amlak Finance , told Arab News. “We also have plans to enter Jordan, Qatar and Bahrain markets.

When we enter other countries, mostly we go with reputed local partners,” he added. Saudi venture is likely to offer mortgages, rather than any other kind of financial services . However, Amlak focuses on consolidating its local competitiveness in the home finance industry whileexpanding in promising new markets.
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