Amlak is not worth all the trouble. It's has no good future profits, it's has almost 5 billion dirham of debt. Can't give shareholders dividends. Just won a case of 780 million aed which hasn't been received yet. Still the company share price doubles from 30 fils to 60 fils. Am I missing something or investors are fools.
Salam bank Bahrain which is dualy listed in Dfm and Bahrain market is continuasly buying back its own shares daily approximately 400k/day. We can also see the price in both the markets increasing every week. This proves my point that I've been saying the share is very undervalued and it can run for more 50 percent upwards. It's a clear buy.
As I said in my previous posts the share price is very undervalued and as we can see today there was the news os salam bank Bahrain started buying back their own shares. The prices have started increasing.
Today Arabtec announced talks of merger between Trojan and the share hit upper limit. Arabtec q2 profits have fallen by 49 percent than 2018. Arabtec no dividends. Salam bank Bahrain profit increased by 40 percent, merger news very undervalued, great dividend returns. It has to go up fundamentally. Go long in this bank