Amlak Finance PJSC has announced a dividend distribution of AED 735 million, marking a significant milestone for the company as it resumes payouts following a sharp turnaround in its financial performance.
The dividend, approved by shareholders, equates to 49 fils per share and represents 49 percent of the company’s share capital, underscoring its strengthened balance sheet and renewed focus on shareholder value.
The payout follows a robust financial year in 2025, during which Amlak reported a net profit after tax of AED 1.47 billion, a dramatic increase from AED 12 million in 2024. Total income surged to AED3.12 billion, compared to AED233 million a year earlier.
A key driver of this performance was the successful sale of the Ras Al Khor land bank, completed in July 2025, which generated proceeds of AED2.9 billion and contributed a gain of AED2.14 billion.
The company also improved operational efficiency, with operating costs declining by 9 percent year-on-year to AED92 million. Total assets stood at AED3.42 billion at the end of 2025, reflecting a more streamlined and stable financial position.
In a major step towards restructuring, Amlak confirmed it has fully settled its investment deposits and exited the Common Terms Agreement, further strengthening its financial foundation.
“Today marks a historic moment for Amlak Finance and our valued shareholders. Resuming dividend payments reflects the resilience, dedication, and strategic vision that have guided our journey,” said Jamal Hamed Almarri, Chairman of Amlak Finance.
He added that the company remains committed to aligning its future direction with shareholder expectations while focusing on sustainable long-term growth.
Looking ahead, Amlak’s board and management are reviewing additional strategic options following shareholder feedback on its proposed business plan. The company is also continuing its managed exit from legacy business lines, including the gradual transfer and sale of its real estate finance portfolio.
This transition is expected to culminate in the surrender of its Central Bank UAE license, marking a significant shift in the company’s operational model.
CEO Arif Albastaki said the company is well-positioned to deliver long-term value, supported by a stronger financial base and ongoing strategic evaluation.
The dividend announcement reflects not just a return to profitability but a broader transformation of Amlak’s business as it pivots towards a more focused and sustainable future.
