Audio-Dubai’s Amlak eyes 70 pct profit growth in 2008

February 5, 2008

Nasser al-Sheikh, chairman of the Dubai-based mortgage lender Amlak Finance, says he is aiming for a 70 percent rise in 2008 profit on increased lending at home and contributions from foreign operations.

Sheikh told Reuters Islamic Finance summit in Dubai that Amlak would be “more aggressive” in its core business.

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