Plans for the launching of three multi-million dollar investment funds by the National Investor (TNI) in the equities and real estate sectors of the GCC, MENA, India and Pakistan were recently revealed by company representatives.
TNI sources stated that the funds will include the TNI Real Estate Development Fund with a size of $200 million for investment in the GCC, MENA, India and Pakistan, according to Khaleej Times.
Another fund, the TNI Real Estate International Fund, will seek opportunities in best performing funds world-wide, stated the company's CEO, Orhan Osmansoy. The fund will reportedly be launched within three months time.
A third fund will include the TNI Growth Capital worth $150 million for the Gulf, MENA, and India and Pakistan markets.
Osmansoy added that the company is considering launching its own IPO, but that no decision has been taken as of yet.
The National Investors is in the process of expanding its activities to Dubai and DIFX while it also has interest in other markets in the GCC, and Saudi Arabia in particular.
TNI this year participated in several record-breaking offerings including Aabar, Tamweel, Kingdom Hotels Investments. The company earned a profit of Dh113 million during the year ended March 31, 2006, reflecting a 42 percent rise as compared to the corresponding period during the previous year.
