Press releases, Reports & Disclosures for The National Investor PRJSC
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.
The National Investor Pr. J.S.C. has released its unaudited interim condensed consolidated financial information for the six-month period ending on June 30, 2024. The principal business address is P.O. Box 47435, Abu Dhabi, United Arab Emirates.