GulfNews Sharjah project worth emulating GulfNews As part of these plans, the city's old quarter will be filled with museums and will have a new hotel as well. This Heart of Sharjah project began last week ... More ...
Iraqi city's religious tourism set to grow National ... especially four and five-star properties, had been built in Karbala and Najaf, and added that the number of hotels was expected to increase further. ... and more » More ...
GulfNews New capacity set to impact rates GulfNews The UAE accounts for the biggest share of new hotel capacity coming onstream in the Mena region. Dubai: The number of hotels under construction in the ... and more » More ...
Police kill gunman to end Manila hostage bus drama National ... hostage when it reached Jose Rizal Park alongside Manila Bay, Magtibay said. The area also includes the seaside US Embassy and a number of hotels . and more » More ...
9 killed on hijacked Philippine tourist bus Khaleej Times ... Jose Rizal Park alongside Manila Bay — a downtown area of the sprawling Philippine capital where the US Embassy and a number of hotels are located. ... and more » More ...
Depa in $60m Angola hotel fit-out National Depa's partner for the new hotel project, the Angolan National Oil Company, better known as Sonangol, is among Angola's most modern and deep-pocketed ... and more » More ...
GulfNews Art flourishes in Dubai's industrial area GulfNews Frost moved to Dubai for a job as a harpist for a new hotel 13 years ago but realized that musicians in the city needed a platform, a place for the ... More ...
Prisoners say food prices hiked in fasting month GulfNews The prisoners told Gulf News that Abu Dhabi National Hotels , who supply food for the prison canteen and cafeteria, is charging prices that would be charged ... More ...
Links are to the relevant PDF report on the ESCA website and are provided as a convenience by ShareWadi.com. We are not responsible for the content or availability of any external sites or pages. If accounts are not available from ESCA, try the ADX or DFM website.
GulfNews Sharjah project worth emulating GulfNews As part of these plans, the city's old quarter will be filled with museums and will have a new hotel as well. This Heart of Sharjah project began last week ... More ...
Iraqi city's religious tourism set to grow National ... especially four and five-star properties, had been built in Karbala and Najaf, and added that the number of hotels was expected to increase further. ... and more » More ...
GulfNews New capacity set to impact rates GulfNews The UAE accounts for the biggest share of new hotel capacity coming onstream in the Mena region. Dubai: The number of hotels under construction in the ... and more » More ...
Police kill gunman to end Manila hostage bus drama National ... hostage when it reached Jose Rizal Park alongside Manila Bay, Magtibay said. The area also includes the seaside US Embassy and a number of hotels . and more » More ...
9 killed on hijacked Philippine tourist bus Khaleej Times ... Jose Rizal Park alongside Manila Bay — a downtown area of the sprawling Philippine capital where the US Embassy and a number of hotels are located. ... and more » More ...
Depa in $60m Angola hotel fit-out National Depa's partner for the new hotel project, the Angolan National Oil Company, better known as Sonangol, is among Angola's most modern and deep-pocketed ... and more » More ...
GulfNews Art flourishes in Dubai's industrial area GulfNews Frost moved to Dubai for a job as a harpist for a new hotel 13 years ago but realized that musicians in the city needed a platform, a place for the ... More ...
Prisoners say food prices hiked in fasting month GulfNews The prisoners told Gulf News that Abu Dhabi National Hotels , who supply food for the prison canteen and cafeteria, is charging prices that would be charged ... More ...
National Tourism & Hotel Corporation shares outstanding, share capital, rights
issues, dividends, AGMs & EGMs
31 March 2008 - AED 100 million (100,000,000 shares outstanding)
18 March 2008 - AGM approved 20% cash dividend
31 December 2007 - AED 100 million
31 December 2006 - AED 100 million
12 December 2007 - Director General resigns
Abdulla K. M. Al Romaithi resigned from the position of Director General at NCTH.
Fahad Ahmed Al Awadi took over as Acting DG.
11 October 2007
National Corporation of Tourism (ESCA name), or National Corporation for Hotels and Tourism, was founded to own and operate hotels, leisure complexes and related businesses. The hotels are listed on the NCTH website as being part of Danat Resorts & Hotels Group. NCTH is not the same as the Abu Dhabi National Hotels group (ADNH) which is also listed on the ADSM. Hotels and other business that National Hotels Corporation has interests in are:
Abu Dhabi Intercontinental Hotel. Owned by NCTH (since 11 Dec 1996), operated by Inter-Continental Hotels Corporation (agreement expiry is 31 Dec 2010).
Al Ain Intercontinental Hotel. Owned by NCTH (since 11 Dec 1996) , operated by Inter-Continental Hotels Corporation (expiry of agreement 31 Dec 2010).
Al Dhafra Beach Hotel, Ruwais, Abu Dhabi. Owned and operated by NCTH (since 11 Dec 1996).
Danat Resort Jebel Dhanna, Ruwais, Abu Dhabi. Owned and operated by NCTH since 2005 when construction was completed.
Al Raha Beach Hotel, Abu Dhabi (from NCTH website, not listed in financial accounts)
Coconut Island Resort, Abu Dhabi. Joint Venture with Aldar Properties (ALDAR), expected completion in 2009.
Liwa Hotel, Liwa, Abu Dhabi (from NCTH website, not listed in financial accounts)
Mirfa Hotel, Mirfa, Abu Dhabi (from NCTH website, not listed in financial accounts)
National Transportation Company LLC, Abu Dhabi - operates a fleet of buses and taxis, started commercial operations in 2003. NCTH has 50% ownership.
NCTH Catering & Services Division was formed in 1999 and provides catering services for corporate and other events, hospitals, schools, universities, and industrial organisations.
Pearl Azure Real Estate - JV announced June 2007 but no further details given
Pearl Azure Hotel Management - JV announced June 2007 but no further details given
As of 30 June 2007, about a third of NCTH total assets is held in "Available for Sale Investments", which is stated in the 2006 end of year financial accounts as quoted investments in UAE companies, and a small proportion in unquoted UAE companies. In other words, stocks and shares. This goes a long way to explaining some, or all, of the volatility in NCTH earnings.
NCTH accounts are not all available on ESCA website but the NCTH website has end of year accounts from 1999.
Long-term loan
NCTH has a loan of AED 350 million from the Abu Dhabi Government (to pay for the first 3 hotels) which is to be repaid over 20 years from 2001 to 2021. The loan carries 2% simple interest. NCTH therefore has annual repayments of AED 24.5 million.
Share and dividend information
NCTH share split 100:1 in 2006, par value of shares changed from 100 dhs to 1 dh
NCTH - related external links (open in new window)Top
www.sca.ae - ESCA profile. Includes share ownership details, board of director names, meeting dates, financial statements and annual report.
www.adx.ae - ADX financial disclosures, news and information.
Disclaimer: ShareWadi.com and DubaiShareTalk.com provide UAE stockmarket related information, but do not offer investment advisory services, or brokerage services. Investing in shares is risky, you can lose some or all of your money and/or other assets. Anything you read on this site should be regarded as the opinion of the author only and is not to be taken as advice to buy, sell, or hold shares and/or other investments. Do not make investment decisions without due diligence and/or professional advice. In particular, do not assume anything you read on this site is correct or accurate. You should make your own investigations to determine if information is accurate and ultimately, you should accept that you and you alone are responsible for any investing decisions you make.
