Business | Investment
TNI half-year consolidated revenues exceed Dh122m
The National Investor (TNI), one of the region's merchant banks, announced consolidated net profits of Dh34.9 million for the first half of 2008. The Abu Dhabi-based company also reported consolidated revenues of Dh122.6 million.
- Staff Report
- Published: 13:03 November 5, 2008
Abu Dhabi: The National Investor (TNI), one of the region's merchant banks, announced consolidated net profits of Dh34.9 million for the first half of 2008. The Abu Dhabi-based company also reported consolidated revenues of Dh122.6 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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