National Investor

The National Investor to launch $500m fund

The National Investor, Abu Dhabi's leading investment firm has decided to introduce $500 million (Dh1.83 billion) fund in November with the aim to pump in Middle East and North African blue-chips.

The sources informed that European institutional investors will be targeted by Dublin-domiciled TNI MENA Blue Chip Equity fund.
The sources further informed that this the first time a local player from Abu Dhabi will introduce a Dublin-based fund subject to European regulations.

National Investor registers 94% decline in net profit

Abu Dhabi-based investment and merchant banking conglomerate The National Investor's (TNI) has recorded sharp decline of 94.7% in net profit which stood at Dh 6 million for the year ended March 31, 2009 as compared Dh113 million in the previous year.

The company has attributed this sharp dip to the global economic crisis.