The National Investor PRJSC

Logotype for The National Investor PRJSC
Ticker/ISIN
TNI
AEN001701012
Market/Country
Abu Dhabi Stock Exchange
United Arab Emirates
Latest Stock Price
0.52 AED
2024-01-25

Year to date

0.28 %

3 months

0.28 %

6 months

0.28 %

1 year

0.15 %

3 years

-0.20 %

5 years

0.00 %

The National Investor (the Company) was founded in 1994 as a private joint stock company registered in the Emirate of Abu Dhabi and it operates under trade license number: CN-1002081. In 2001, the Company received approval from the Central Bank of the UAE to conduct financial investment business as an investment company in accordance with the Central Bank’s Board of Directors’ Resolution No. 164/8/94 dated 18 April 1995. The Company comprises four strategic business divisions covering investment banking, asset management, private equity, and principal investments including real estate. Furthermore, the Company provides a wide range of investment, advisory and investment fund management services to a substantial client base that includes listed and unlisted companies, financial and government institutions, and high net worth individuals.  The Company is fully owned by Emirati individuals and institutions. It has succeeded since its inception in achieving substantial growth and has raised its share capital on several instances in order to allow the firm to develop and finance new projects.  The current paid-up capital of the company is AED 577,500,000 distributed into 577,500,000 shares with a par value of AED 1 per share

Latest Pressrelease Summaries

Date: 01/10/2024 Ref: L/C/1/11024 To: The Disclosures & Compliance Section, Market Operations Surveillance Department, Abu Dhabi Securities Exchange, P.O. Box 54500, Abu Dhabi, UAE The Securities and Commodities Authority, Disclosure Department Subject: The National Investor PrJSC Announces the Resignation of the Managing Director and the Appointment of a Replacement The National Investor PrJSC (the Company) announces that Mr. Rami Hurieh has resigned from his position as Managing Director. The board has accepted his resignation and appointed Ms. Meera Abu Yussuf, the current group financial controller, to coordinate with the Chairman of the Board on matters related to the group’s investment portfolio. Mr. Rami Hurieh will continue to serve as an Audit Committee Member. The board and employees thank Mr. Hurieh for his efforts and wish him success in his new role as Chief Operating Officer of NCC Holding LLC in Abu Dhabi. Sincerely, The National Investor PrJSC
Date: 25/09/2024 Ref: L/C/2/26924 To: The Disclosures & Compliance Section, Market Operations Surveillance Department, Abu Dhabi Securities Exchange, P.O Box 54500 - Abu Dhabi - UAE The Securities and Commodities Authority/Disclosure Department Greetings, Subject: The results of the Board Meeting of The National Investor PrJSC (“the Company”) held on 25/09/2024 With reference to the above-mentioned subject, please be informed that the Board of Directors of the Company met today, Wednesday, 25 September 2024, at 15:00 PM. The Board Members discussed the business agenda of the meeting and approved it as appropriate. Please accept our sincere regards. Sincerely, The National Investor PrJSC
Date: 09/09/2024 Ref: L/C/1/9924 To: The Disclosures & Compliance Section Market Operations Surveillance Department Abu Dhabi Securities Exchange P.O Box 54500 - Abu Dhabi - UAE The Securities and Commodities Authority/ Disclosure Department Greetings, Subject: Board of Directors Meeting of The National Investor PrJSC (“the Company”) We wish to inform you that the Company’s Board of Directors will hold a remote meeting on Wednesday, 25 September 2024 at 15:00, to discuss matters related to the Company’s business operations. The results of the meeting will be disclosed as it is held. Sincerely, Rami Hurieh Managing Director
The National Investor PrJSC has agreed to sell six office units on the 24th floor of Sky Tower, Reem Island, Abu Dhabi. The property, valued at AED 28.7 million (10.1% of the company's share capital), will be sold for AED 24 million. The sale aims to monetize the investment and return the capital to shareholders. The buyer is Mazrui Real Estate LLC, a related party, and the payment was made via a certified banker check. The agreement was signed on 1 August 2024, with execution on 29 August 2024, and an expected closing date of 2 September 2024.
The letter, dated August 26, 2024, from The National Investor PrJSC, addresses the Disclosures & Compliance Section of the Abu Dhabi Securities Exchange and the Securities and Commodities Authority. It announces a delay in the company's approved capital decrease and the return of the reduced capital amount, initially scheduled for August 26, 2024. The delay is due to the need for approval from the Ministry of Economy. The company is actively working to obtain this approval and assures that the delay is temporary. The company commits to maintaining transparency and will provide updates as new information becomes available. The letter is signed by Rami Hurieh, Managing Director.
The Chief Executive of the Abu Dhabi Securities Exchange (ADX) has issued Resolution No. 478 to suspend the trading of The National Investor PRJSC shares effective from August 28, 2024, until further notice. This decision is made in accordance with Articles 10/11 and 38 of the ADX Listing and Disclosure Rules. All departments within ADX are required to implement this resolution as per their functions, and the resolution will be circulated to the respective company and brokers. The resolution takes effect from the date of issuance, August 28, 2024.
The National Investor PrJSC has announced a delay in its planned capital decrease and the return of the reduced capital amount, initially set for August 26, 2024. The delay is due to the need for approval from the Ministry of Economy, which has not yet been obtained. The company is actively working to secure this approval and assures that the delay is temporary. The capital decrease and distribution will proceed once the necessary approval is granted. The company is committed to transparency and will provide further updates as soon as more information is available.
On August 26, 2024, The National Investor PrJSC announced a delay in its planned capital decrease and the return of the reduced capital amount, originally set for the same date. This delay is due to the need for approval from the Ministry of Economy. The company is actively working to secure this approval and ensure all necessary conditions are met. The delay is temporary, and the capital decrease and distribution will proceed once approval is granted. The company is committed to transparency and will provide updates as more information becomes available.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From The National Investor PRJSC

Disclosures: The National Investor PRJSC Management Report for the Period Ended December 31,2023

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ADX News

ADX News

News Update From The National Investor PRJSC

Disclosures: The National Investor PRJSC Financial Results Summary for the Period Ended December 31,2023

1. Attached Document

ADX News

ADX News

News Update From The National Investor PRJSC

Disclosures: The National Investor PRJSC / Important Notice

The National Investor PrJSC (TNI) has issued a warning to its customers about scammers using the company's name, employee names, and logo to advertise fake investment opportunities and tenders online. The fraudsters are asking for personal, business, and financial information, including credit card and bank account details, supposedly for tender fees or investment in the company. TNI emphasizes that it never sends requests for such information or payments and advises customers to treat any such requests with caution and not to provide any sensitive information.

1. Attached Document

ADX News

ADX News

News Update From The National Investor PRJSC

Disclosures: The National Investor PRJSC Board Meeting Results held on 17/01/2024 at 14:30

On 17th January 2024, the Board of Directors of The National Investor PrJSC held a remote meeting. They discussed and approved the budget for the fiscal year 2024, and discussed the latest update on a non-binding offer, recommending to continue negotiations with the interested strategic investor. The Board also discussed other ordinary business agenda items and made necessary resolutions. The meeting was communicated to the Disclosures & Compliance Section of the Abu Dhabi Securities Exchange and the Securities and Commodities Authority's Disclosure Department.

1. Attached Document

ADX News

ADX News

News Update From The National Investor PRJSC

Disclosures: The National Investor PRJSC Announcement of Board Meeting to be held on 17/01/2024 at 14:30

1. Attached Document

ADX News

ADX News

News Update From The National Investor PRJSC

ADX Disclosures: TNI Resumption Notice

On 27th October 2023, the Board of Directors of The National Investor PrJSC held a remote meeting to discuss ordinary business agenda items and make necessary resolutions. They also discussed non-binding proposals received about a potential acquisition of some tangible and intangible assets of the company or a stake in the company’s share capital. The Board has instructed the management to continue the due diligence procedures and decided to hold another meeting in the first quarter of 2024 to finalize the discussion and make a decision regarding the assets to be exited.

1. Attached Document

ADX News

ADX News

News Update From The National Investor PRJSC

Disclosures: The National Investor PRJSC Board Meeting Results held on 27/10/2023 at 11:00

The Board of Directors of The National Investor PrJSC held a remote meeting on October 27, 2023, where they discussed ordinary business agenda items and made necessary resolutions. They also discussed non-binding proposals for a potential acquisition of some tangible and intangible assets of the company or a stake in the company's share capital. The Board has requested the management to continue due diligence procedures and decided to hold another meeting at the beginning of the first quarter of 2024 to finalize the decision regarding the assets to be exited and to take necessary measures.

1. Attached Document

ADX News

ADX News

News Update From The National Investor PRJSC

ADX Disclosures: Temporary suspension of trading on the shares of The National Investor PRJSC on 27 Oct 2023

1. Attached Document

ADX News

ADX News

News Update From The National Investor PRJSC

Disclosures: The National Investor PRJSC Announcement of Board Meeting to be held on 27/10/2023 at 11:00

1. Attached Document

ADX News

ADX News

News Update From The National Investor PRJSC

ADX Disclosures: TNI Resumption Notice

1. Attached Document