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Net Profits of AED 34.9 million recorded
Abu Dhabi, UAE, 5 November 2008: The National Investor (TNI), one of the region’s leading merchant banks today announced its half year 2008 results. The Abu Dhabi based institution achieved consolidated net profits of AED 34.9 million and consolidated revenues of AED 122.6 million.
Abdullah M. Al Mazrui – Chairman said: “This is an honourable achievement and we are satisfied with this performance considering current market conditions, which is testament to our diversified business model.
“Whilst we anticipate that the financial climate will be challenging in the coming months, TNI is confident it will continue to consolidate its position as one of the UAE’s most established banking institutions”, said Orhan Osmansoy, CEO of The National Investor.
About The National Investor: The National Investor (TNI) is a privately owned regional investment banking group. The firm comprises six strategic business divisions covering investment banking, private equity, asset management, real estate, investment research and principal investments. In addition, the firm has an associate company, GNSC, which provides brokerage services as a registered member of the Abu Dhabi Securities Market (ADSM) and the Dubai Financial Market (DFM).