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Amlak 2023 FY net profit plunges 45.6pc to $70.53m

Amlak Finance has seen its 2023 full-year (FY) net profit fall steeply by 45.6% to AED259 million ($70.53 million) compared to FY 2022 net of AED476 million.
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United Arab Emirates , Ali Ibrahim Mohammed , Arif Albastaki , Common Terms Agreement , Common Terms , Mudaraba Instrument , Egyptian Pound , Ibrahim Mohammed , Amlak Finance , Common Term Agreement ,

Amlak Finance annual profit drops 55% to Dh476 million in 2022

Debt settlement arrangements yielded Dh349 million net gain and contributed to total debt reduction of Dh1.07 billion including Mudaraba Instrument of Dh228 million ....

Arif Albastaki , Ali Ibrahim Mohammed , Amlak Finance , Mudaraba Instrument , Ibrahim Mohammed ,