ÿþ<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN"> <html> <head> <meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1"> <title>Eqarat.com Newsletter</title> <style type="text/css"> <!-- a:link { color: #095AA5; } a:visited { color: #095AA5; } a:hover { color: #4DAC27; } a:active { color: #095AA5; } --> </style> <link href="eqnews.css" rel="stylesheet" type="text/css"> </head> <body> <P>&nbsp;</P> <table width="650" border="0" align="center" cellpadding="1" cellspacing="0" bgcolor="#CCCCCC"> <tr> <td><table width="100%" border="0" cellpadding="0" cellspacing="0"> <tr> <td height="130" valign="bottom" bgcolor="#095AA5"><table width="100%" border="0" align="center" cellpadding="0" cellspacing="0"> <tr> <td height="80" class="20pxpad"><img src="http://www.eqarat.com/newsletter1/images/meren2.gif" width="390" height="64"></td> </tr> <tr> <td height="25" bgcolor="#4DAC27" class="linetopwht"><table width="610" border="0" align="center" cellpadding="2" cellspacing="0"> <tr> <td><img src="http://www.eqarat.com/newsletter1/images/worthy.gif" width="217" height="17" border="0" usemap="#MapMap"></td> <td width="175"><div align="right" class="whtfont"> <div align="center">Issue No 262 - 25 March 2008 </div> </div></td> </tr> </table></td> </tr> </table></td> </tr> <tr> <td bgcolor="#FFFFFF">&nbsp;</td> </tr> <tr> <td bgcolor="#FFFFFF"><table width="610" border="0" align="center" cellpadding="0" cellspacing="0" class="Copyfont"> <tr> <td width="180" valign="top"><img src="http://www.eqarat.com/newsletter1/images/262amlak_big.jpg" width="180" height="134" class="blackborder"></td> <td width="20" valign="top">&nbsp;</td> <td valign="top"><SPAN class=hdngBlck>Amlak AGM approves 10pc dividend </SPAN><BR> <p>Amlak Finance, during its annual general meeting (AGM), has approved the distribution of 10 per cent cash dividend.</p> <p>The dividend will amount to Dh150 million, said the largest publicly listed finance company and pioneer in home finance in the UAE in a statement.</p> <p>The assembly also reviewed and discussed the director's report, auditor's report and the report of the fatwa and Sharia Supervisory Board. </p> <p>The AGM, which convened with a 53.2 per cent quorum, was held at the Dubai Chamber of Commerce in the presence of shareholders, board of directors, Sharia Board, representatives from the Ministry of Economy, the Dubai Economic Department, and the Emirates Securities and Commodities Authority. </p> <p>Meanwhile, the extraordinary general meeting, which did not have the required quorum, was postponed to March 23. </p> <p>Amlak Finance chairman Nasser Bin Hassan Al Shaikh said the company's milestones on the financial, restructuring and expansion during 2007 and the major achievements realized by the new board and top management, which strengthened the positioning of Amlak's as the best home finance company in the UAE and the region. </p> <p>'Amlak has been one of the highest traded stocks in the Dubai financial market, and with the approval of the dividend the value of our share will continue to grow, which will reap more rewards for our shareholders,' said Al Sheikh.</p> <p>Amlak's reported a 132 per cent increase in net profits compared to 2006, reaching Dh303 million. </p> <p>Such growth is due to many factors including consolidating the company's core business.</p> <p>"We aim to replicate last year s remarkable results in 2008, especially as we are gearing up for the introduction of more innovative products and services, in addition to our regional plans to launch our operations in Jordan, Qatar and Bahrain as well as another market that will be announced in due time," said Amlak Finance chief executive officer Arif Alharmi.</p> <br> Source: Trade Arabia News</td> </tr> <tr> <td valign="top">&nbsp;</td> <td valign="top">&nbsp;</td> <td valign="top">&nbsp;</td> </tr> <tr> <td valign="top">&nbsp;</td> <td valign="top">&nbsp;</td> <td valign="top"><P align=justify><FONT color=#333333><A href="http://www.eqarat.com/newsletter1/Forward2.jsp?id=1&iid=262"><strong>Forward this article</strong></A></FONT></P></td> </tr> </table></td> </tr> <tr> <td bgcolor="#FFFFFF" class="linebtmblck">&nbsp;</td> </tr> <tr> <td bgcolor="#FFFFFF"><table width="100%" border="0" cellspacing="0" cellpadding="1"> <tr> <td height="90"><div align="right"><a href="http://www.eqarat.com" target="_blank"><img src="http://www.eqarat.com/newsletter1/images/eqarat-web.gif" width="154" height="62" border="0"></a></div></td> <td width="20" valign="bottom" class="Copyfont"><P align=left><br> <BR> </P></td> <td valign="bottom" class="Copyfont"><p><span class="smallfont"><br> This newsletter is sent by:</span><br> <strong>Eqarat.com REAL ESTATE, PO Box: 7553, Dubai, UAE <br> Tel: +971 4 3242224 Fax +971 4 3242221</strong><br> <strong><a href="http://www.eqarat.com">www.eqarat.com</a></strong> <br> <br> </p></td> </tr> <tr> <td width="175" bgcolor="#4DAC27">&nbsp;</td> <td bgcolor="#095AA5"><img src="http://www.eqarat.com/newsletter1/images/gate.gif" width="20" height="20"></td> <td bgcolor="#095AA5">&nbsp;</td> </tr> </table></td> </tr> </table></td> </tr> </table> <p>&nbsp;</p> </body> </html>