We have made significant investments through our balance sheet during the course of our history spanning over two decades. Private Equity investments that we make with our balance sheet are usually in early stage enterprises or companies where we see long-term growth prospects. With a longer time horizon, our activities have ranged from incubating companies in diversified sectors to growing medium-sized companies and preparing them for IPO exits. Investments through our balance sheet include some of the most prestigious companies in the region, including Aldar, Aramex, Aabar, Tabreed, Depa and Colliers, to name a few. We have exited many of these investments realizing an aggregate IRR in excess of 35% over our history.
Aabar is engaged in making direct investments in various sectors including oil & gas and financial services. Aabar was the first company giving the public a chance to invest in the oil and gas sector, increasing investor interest in the offering. Aabar also enjoyed strong backers and high oil prices.
Addar Real Estate Services (Addar) was a leading Abu Dhabi based real estate organization. Addar offered development, asset management services, and other related property services. TNI invested in Addar to participate in the promising real estate market of the late 1990s. The company was later sold to Aldar.
The Company through its wholly owned subsidiaries purchased two plots of land in Capital Centre Abu Dhabi in 2007. The plots are located in the area which was formally known as ADNEC area and which is a mixed-use commercial/residential/hospitality community area. Capital Centre is situated between Sheikh Rashid Bin Saeed Street and Al Khaleej Al Arabi Street. Prominent nearby landmarks include Abu Dhabi National Exhibition Centre 0.3km to the west and Al Bateen Executive airport 1.3km to the north.
Founded in 2001, Aldar is one of the largest real estate developers in Abu Dhabi. The company engages in the development, sale, investment, construction, and management of real estate properties. Upon inception, Aldar acquired Addar which was incubated by TNI, the firm playing an active role in operations and back-office support.
Aramex is a global transportation and logistics services company providing a variety of express, logistics, freight forwarding and domestic distribution services. Aramex also provides a number of retail services including mail-order catalog services and mail forwarding services.
One of the leading Real Estate consultants in the Middle East, Colliers Dubai and Abu Dhabi are wholly owned by TNI. Colliers provides the full range of real estate consultancy services, including offices, retail, residential, hotel and leisure, as well as industrial properties. TNI formed the real estate consultancy to cater to expected demand, while the sector was still in its infancy in the Middle East.
Depa United Group (DUG) is among the ten largest specialty contractors by revenue in the world, and the largest in the MENA. The flagship arm of DUG is DEPA Interiors, a company specializing in full scope fit-out and furnishing of five-star luxury hotels, yachts, and facilities. Depa has established a vast international portfolio of projects, which includes the interior fit-outs of Burj Dubai, Burj Al Arab and Emirates Palace Hotel in the UAE, the Museum of Islamic Art in Qatar, and the Four Seasons and Hilton Hotel in Egypt.
The company invested in Finance House Tier 1 perpetual sukuk in 2015. This investment is entitled to periodic interest distribution payable on each periodic distribution date.
Finance House is an independent finance company that provides various investment, consumer, and commercial financing services to the domestic UAE market. Products offered include consumer, commercial, trade, working capital, personal, vehicles and equipment, small and medium businesses, real estate, and alternative financing solutions.
GNSC is a UAE based brokerage house founded by TNI in partnership with Finance House. As a registered member of the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM), the company’s principal activities are to provide share brokerage services in finance and commodity markets. A subsidiary is licensed to operate on the Dubai International Financial Exchange.
Mafraq Hotel is a premier 4-star hotel with 242 rooms located in Abu Dhabi. Originally built in 1994, the hotel is ideally located 20 minutes from Abu Dhabi city center, 10 minutes from Abu Dhabi International Airport. TNI bought out the Hotel in partnership with other investors and is currently operating the hotel.
The Company through one of its wholly owned subsidiaries entered into a Musataha Agreement with Abu Dhabi Future Energy Company PJSC (Masdar) over a plot of land. The plot is located in Masdar City, which is adjacent to Khalifa City A and which is a sustainable mixed-use/commercial/residential/hospitality community area. Prominent nearby landmarks are Masdar City Solar Farm, located adjacent to the northwest and Abu Dhabi International Airport 2.3km to the east.
NAS is one of the most widely recognized third-party administrators in the UAE healthcare space. NAS was formed in 2002, as a joint venture partnership between TNI and the UAE Offsets Group to improve the quality of healthcare services in the GCC. Since then TNI incubated the company providing support from an infrastructure perspective. Most importantly, TNI played an instrumental role in the expansion of NAS identifying and executing several acquisitions for the company. NAS services around 800,000 beneficiaries for blue chip insurance companies in the GCC, including Emirates Insurance, RAKNIC, Qatar Insurance, Al Wathba, Green Crescent Insurance and Abu Dhabi National Takaful.
National Catering Company is one of the largest support services conglomerates in the UAE, specializing in Industrial and Corporate Catering, Facilities Management, Engineering, Food Distribution, Retail and F&B. Established in 1990, NCC operates supermarkets, cafés and diet management services under the brand names Souq Planet, Lavanda and Slim’n Lite, respectively. It serves a wide range of customers in the oil & gas, construction, healthcare and government sectors, and is a market leader in most of its segments. TNI led a consortium of investors in the acquisition of a 50 per cent equity stake in NCC.
TNI purchased the 24th Floor of Sky Tower in Dec. 2015 from Aldar Properties PJSC. It is a mixed use (residential and commercial) tower within Al Reem Island Community. The community is well connected to the city via Al Oud Road and Al Reem Road.
Thuraya, a mobile satellite services operator, provides mobile satellite communication products and services for individuals and businesses across Asia, Africa, Australia, the Middle East, Europe, and other international locations. The company offers voice, data, maritime, rural telephony, fleet management, Internet everywhere, and other telecommunication solutions.
National Central Cooling Company PJSC (Tabreed) constructs, owns, assembles, installs, operates, and maintains cooling and conditioning systems. It also provides district cooling technologies, ancillary services relating to the chilled water business, construction of secondary networks, manufacturing of pre-insulated pipes, provision of engineering and consultancy services, as well as water treatment services and sale of chilled water related products.
National Entertainment Company (Tarfeeh) is a leading leisure and entertainment company that operates a family entertainment center (Emirates Bowling Village) in Marina Mall, Abu Dhabi and organizes other sports & leisure events. TNI invested in Tarfeeh together with the National Investment Corporation, the owner and operator of Marina Mall Abu Dhabi, to develop the event and entertainment sector of the region.
The company through one of its special purpose entities invested in a consortium vehicle that acquired a stake in DCC in 2007. DCC is a leading UAE-based contractor with an impressive portfolio of completed projects and a very healthy pipeline of contracts. DCC performs such projects on a turnkey basis and cooperates with leading architectural and engineering consultants as well as subcontractors, such as lighting, plumbing, air conditioning and security systems to construct premium commercial and residential buildings. DCC employs over 5000 people.
ICSA provides embedded technology based IT solutions to the power, oil & gas, and water sectors in India, supported by infrastructure deployment services on a partial or total turnkey basis to power utilities. The Company is listed on the Indian stock exchanges (BSE Sensex, NSE) and has two main activities of business, development of IT solutions & services and deployment of infrastructure services. The Company has a strong presence in the Indian power sector and is gaining steady momentum in other sectors such as oil & gas and water. The Company’s growth is bolstered by strong research and development which has led to products being successfully patented.
The Company through one of its special purpose entities invested in a consortium of which the underlying investment is L’azurde. L’Azurde is the largest gold and jewelry manufacturer in the region. The Company commenced operations in 1980 in Saudi Arabia and opened a second manufacturing plant in Egypt in 2004 and currently employs over 2,200 people. L’Azurde sells its products through its wholesale network and its own retail showrooms. The majority of net sales are generated by wholesale operations, with the Company’s retail operations consisting of 18 showrooms in major cities in the UAE and KSA.