Dubai: Mortgage lender, Tamweel PJSC - a company which is currently under merger process with Amlak - is restructuring its business plans and organisational structure that involves a reduction of 57 staff members from its workforce, the company said in a statement.
The reason given was to enable the company to be in a stronger position to meet its objectives in the challenging environment that financial institutions are facing at present.
Wasim Saifi, group chief executive of Tamweel, said the job cuts were necessary in order for the company to function more efficiently.
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