Amlak Finance Sees 305% Profit Surge in H1 2026

Amlak Finance PJSC, a leading financial services provider in the United Arab Emirates, has announced an impressive 305% increase in net profit for the first half of 2026. This significant growth, reported at AED 77 million, is a testament to the company's strategic financial management and its focus on strengthening its balance sheet.

The company's revenue from financing and investing activities soared to AED 54 million, up from AED 3 million in the same period last year. This increase was primarily driven by higher placement of wakala deposits, which generated substantial income of AED 52 million during the period.

In a move that underscores its commitment to shareholder value, Amlak distributed a hefty dividend of AED 735 million. This action follows the full settlement of all financial obligations in July 2025, which has allowed the company to reduce its cost of distribution to financiers to nil in H1 2026, compared to AED 14 million in the previous year.

CEO Mr. Arif Albastaki expressed confidence in the company's enhanced financial position, noting that the settlement of financial obligations has optimized Amlak's liquidity profile. He emphasized the company's focus on disciplined capital allocation and long-term value creation for shareholders.

Amlak Finance, established in November 2000, continues to be a pioneer in providing innovative, Sharia-compliant property financing solutions. The company's strategic initiatives and financial discipline have positioned it well to meet evolving market demands.

Given the company's robust financial performance and strategic positioning, investors might consider holding their positions in Amlak Finance. The significant profit growth and dividend distribution highlight its potential for sustainable growth and shareholder value.