09 September 2008 Tamweel Tamweel PJSC wishes to disclose that Abdulla Nasser Abdulla, Deputy Group Chief Executive of Tamweel Tamweel PJSC and Chief Executive Officer of Tamweel Properties & Investments LLC, a fully owned subsidiary focused on real estate investment and brokerage services, has been detained for questioning by Dubai Government authorities in connection with an ongoing investigation. While Tamweel Tamweel cannot provide specific on this ongoing investigation, so as not to jeopardise it, the Company wishes to restate its full confidence in the judicial system in Dubai and the UAE. As and when required, Tamweel Tamweel will provide its full and complete cooperation to the Government authorities conducting this investigation. Please rest assured that Tamweel Tamweel continues to act in the best interest of the country and all its stakeholders, including its shareholders and Sukuk holders. Yours Sincerely, Sheikh Khaled bin Zayed bin Saqer Al-Nehayan Chairman - Ends - © Press Release 2008 from Dubai International Financial Exchange & omar 1.1:zy
Source: AJP
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