Tamweel Funding trims exchange price on trust certificates to $2.1198

By Ashley Montgomery

Kansas City, Kan., May 23 - Tamweel Funding Ltd. announced an adjustment to the exchange price on its $300 million trust certificates due 2013.

Effective March 15, the price was adjusted to $2.1198 per share from $2.2012.

The company said the adjustment is due to a dividend of AED 0.05 per share to be paid to shareholders.

Tamweel is a real estate finance company based in Dubai, United Arab Emirates.

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