Merger of Amlak & Tamweel- Deal or
No Deal?
Amlak-Tamweel Deal rethink on another ploy to keep the
investors in the dark. A merger & acquisition was announced but no one bothered
to inform the investors who had their hard earned cash tied up in the market
.The investors are surrounded by so much negativity because there is no
transparency and accountability. All tradings were suspended without notifying
the investors. Do not these people have the rights to know what will happen to
their investment? The committee is said to be considering and reviewing various
options.
Mortgage Lenders’ Performance:
Amlak & Tamweel should evaluate their performance in the
light of the emerging market situation. Some analysts are of the opinion that
bailing out will make things worse. They think that letting these companies go
bankrupt is better off than bailing out. Experts are of the opinion that merging
the two high risk companies will essentially create more problems. The investors
are at their wits end because no one is giving any solution. If the company
sinks what happens to the investors who had their only saving invested in a
company which seem to be least concerned about the investors’ night mare. A
quick injection of liquidity could accelerate the process of recovery. Even if
the companies are nationalized then too the authorities should uphold the
interest of the shareholders. If the government fail them now, many investors
will lose confidence and hide their cash under the mattress. Investors should
not be ignored otherwise many law suits will follow.
Solutions !
Hopefully the investors will not have to take any drastic
action. Everyone was aware of the market manipulation but took no action. Over
indulgence and excess in this culture has brought about such a crisis. On a
brighter note most expatriate investors remain convinced that the government
actions to be reinvigorate the economy with the nations substantial oil revenue
will help to provide a kind of a buoy to the market in this economic turbulence.

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