- The Firm
- Asset Management
- merchant banking
- Media centre
Net Profits of AED 113.6 million recorded, an increase of 43% from 2006-7
Abu Dhabi, UAE, 21 May 2008: The National Investor (TNI), one of the region’s leading merchant banks has reported today that 2007-8 was a year of record performance for the 14 year old firm. The Abu Dhabi based bank achieved consolidated net profits of AED 113.6 million, which is a 43% increase from the previous year.
The firm’s shareholders equity also grew substantially, increasing 32.3% in the 2007-8 accounting period. This figure now stands at AED 1.1 billion.
Abdullah M. Al Mazrui – Chairman said: “These figures reflect a year of growth and of successful diversification at TNI. In 2007-8 we succeeded in establishing a full-service firm, with market-leading Investment Banking, Asset Management, Private Equity, Real Estate, Principle Investment & Investment Research divisions”.
“I am enthusiastic about what we can accomplish in the coming year. With its experienced and talented team and indigenous heritage, TNI is well positioned to continue to grow as a premier provider of investment banking and asset management services in the region.”
About The National Investor: The National Investor (TNI) is a privately owned regional investment and merchant banking group. The firm comprises six strategic business units covering investment banking, private equity, asset management, real estate, principal investments, and investment research. In addition, the firm has an associate company, Gulf National Securities Centre (GNSC), which provides brokerage services as a registered member of the Abu Dhabi Securities Market (ADSM), the Dubai Financial Market (DFM), and Dubai International Financial Exchange (DIFX).