The National Investor (TNI), one of the region's leading merchant banks, yesterday announced that its 2007-08 profits jumped 43 per cent to Dh113.6 million. The Abu Dhabi-based bank said shareholders equity also grew substantially, increasing 32.3 per cent to Dh1.1 billion.
TNI Chairman Abdullah M Al Mazrui said: "These figures reflect a year of growth and of successful diversification at TNI.
"In 2007-8 we succeeded in establishing a full-service firm, with market-leading Investment Banking, Asset Management, Private Equity, Real Estate, Principle Investment & Investment Research divisions. I am enthusiastic about what we can accomplish in the coming year. With its experienced and talented team and indigenous heritage, TNI is well positioned to continue to grow."
Follow Emirates 24|7 on Google News.
