Amlak Finance Reports Dh52 Million Net Profit in Q1 2026

May 12, 2026

51 min

May 12, 2026 23:30

Amlak Finance announces Dh52 million in net profit for Q1 2026

## Financial Performance Overview

Amlak Finance PJSC has reported a significant increase in net profit for the first quarter of 2026, reaching Dh52 million. This marks an 86% rise compared to the Dh28 million profit recorded in the same period last year.

## Revenue Growth

The company's total revenue for the quarter increased by 8%, amounting to Dh65 million. This growth was largely driven by a substantial rise in income from financing and investing activities, which jumped to Dh30 million from just Dh1 million in Q1 2025. A key factor in this increase was the higher placement of wakala deposits, generating Dh28 million in income.

## Cost Management

Amlak Finance successfully reduced its distribution costs to financiers to zero, a significant improvement from the Dh4 million incurred in Q1 2025. This reduction followed the complete settlement of the company's financial obligations in July 2025.

## Shareholder Value

The company has also demonstrated its commitment to shareholders by approving a dividend of Dh735 million, reflecting its focus on delivering value.

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