A decision on whether to merge troubled UAE mortgage lenders Tamweel and Amlak will happen only after the government unveils a plan to restructure the firms, Tamweel's chairman said on Saturday.
Speaking to reporters on the sidelines of the World Economic Forum in Jordan, Sheikh Khaled Bin Zayed al-Nahyan reiterated the government would announce the restructuring plans in a "few weeks", but declined to be more specific when asked.
"Once that's done there is going to be a decision about a merger or not," Sheikh Khaled said.
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