Net Profits Of AED 34.9 Million Recorded
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, The National Investor 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.
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