(MENAFN) Emaar Properties and Amlak Finance, the Islamic lender, are mulling over a strategic partnership agreement that will see the two entities working together to develop land in several areas, Arabian Business reported.
Additionally, Amlak chief commercial officer noted that his firm is also looking to sign another deal with Dubai's Land Department to bring around hindered projects.
"[We] recorded an amortization or unwinding of an initial fair value gain recognized on investment deposits at the time of restructuring," Amlak said in a statement.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.