Mubasher TV
Contact Us Advertising   العربية

TNI begins trading on ADX as private firm

TNI begins trading on ADX as private firm
TNI
TNI
14.89% 0.52 0.07
Aldar
ALDAR
-1.83% 5.35 -0.10
Tabreed
TABREED
0.00% 2.95 0.00

Depa
DEPA
15.00% 0.28 0.04
The National Investor (TNI) has announced that it will be listing its shares for trading on the Abu Dhabi Securities Exchange (ADX) as a private joint stock company starting Tuesday, November 25, 2014.

The move establishes TNI as one of the first to take advantage of the recently enacted directive of the Securities and Commodities Authority (SCA), allowing private firms to be traded on the ADX, TNI announced in a statement.

Commenting on the commencement of trading, TNI Chairman Abdullah Mazrui stated “Since inception we have embraced a culture of strong corporate governance, risk management and transparency, which has earned us respect from our peers and stakeholders. TNI’s listing reinforces our commitment to maintaining the highest corporate governance standards, and will further promote the TNI franchise built on the principles of integrity and professional excellence.”

Worth noting, TNI’s principal investments track record includes: Aldar Properties, Depa Limited, and National Central Cooling Company (Tabreed) and others. Today, TNI’s investments portfolio includes Colliers International, a leading real estate advisory firm, Mafraq Hotel, a 4-star hotel property on the outskirts of Abu Dhabi, Knightsbridge Global Security, a leading security services provider, L’azurde, one of the largest gold manufacturers globally, and Dubai Contracting Company, a leading contracting company focusing on residential, commercial and mixed-use developments, among others.

ADX CEO Rashed Al Baloushi highlighted “We are delighted to welcome TNI on the ADX growing list of companies. TNI’s solid reputation built over two decades of professional and transparent services offered to a substantial client base that includes listed and privately owned companies, financial institutions and high net-worth individuals, makes it an ideal addition to our listing.”