Tamweel shuts down Saudi subsidiaries

23 October 2010

UAE's Shari'ah-compliant mortgage lender, Tamweel is liquidating four of its subsidiaries which had been set up in 2007 to target Saudi Arabian market, Emirates 24-7 has reported. The four companies under liquidation are Tahfeez Saudi Arabia, Tamleek Saudi Arabia, Eshan Saudi Arabia and Enjaz Saudi Arabia, all of which were involved in general trading sector, according to the company's financial statement.

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