Abu Dhabi National Hotels Obtains Dh1.5 Billion Syndicate Loan to Fund Projects Khaleej Times Abu Dhabi National Hotels is undertaking major development projects including The Grand Canal Abu Dhabi to be operated by JW Marriott; Park Hyatt in the ... and more » More ...
ADNH secures Dh1.5bn boost to development National Abu Dhabi National Hotels (ADNH), which owns a Hilton, Le Meridien and Al Diar hotels in the capital, has secured a Dh1.5 billion (US$408 million) loan for ... and more » More ...
Emirates Business 24/7 Sharjah sees 7% rise in tourists Emirates Business 24/7 The number of hotels and hotel apartments rose from 103 in 2008 to 110 in 2009. The total number of available rooms increased to 8727 last year (4275 hotel ... and more » More ...
Sharjah Tourism Picks Up in 2009 Second Half Khaleej Times The statement said that during 2009, the number of hotels and hotel apartments in the emirate of Sharjah increased by seven percent to 110 (41 hotels and 69 ... and more » More ...
GulfNews Sharjah tourism bounces back GulfNews According to SCTDA statistics, the number of hotels and hotel apartments in the emirate increased by 7 per cent to 110 (41 hotels and 69 hotel apartments) ... and more » More ...
Locals give hotels a vital boost National Abu Dhabi's National Corporation for Tourism and Hotels, which owns and manages some hotels in the capital, said yesterday that preliminary results showed ... and more » More ...
Emirates Business 24/7 DTCM to introduce new classification system for Dubai hotels this year Emirates Business 24/7 The Abu Dhabi Tourism Authority (ADTA) followed shortly in September when it rolled out Abu Dhabi's new hotel classification system classifying 110 ... and more » More ...
Al Ain Airshow 2010 dazzles spectators Khaleej Times These include gold sponsors Etihad, Pilatus, Al Ain Water and Abu Dhabi National Hotels , along with silver sponsors Mubadala Aerospace, ADAT, ... and more » More ...
Mideast Hotel Occupancy Drops 9.9 Per Cent in 2009 Khaleej Times The Dubai-based research firm Proleads, the UAE accounts for most new hotel projects costing $4.4 billion followed by Saudi Arabia ($1.2 billion), ... and more » More ...
Investors shrug off IMF report National Abu Dhabi Aviation closed 10 per cent higher and Abu Dhabi National Hotels jumped 9.1 per cent. Abu Dhabi Commercial Bank closed flat the day after posting ... and more » 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.
Abu Dhabi National Hotels Obtains Dh1.5 Billion Syndicate Loan to Fund Projects Khaleej Times Abu Dhabi National Hotels is undertaking major development projects including The Grand Canal Abu Dhabi to be operated by JW Marriott; Park Hyatt in the ... and more » More ...
ADNH secures Dh1.5bn boost to development National Abu Dhabi National Hotels (ADNH), which owns a Hilton, Le Meridien and Al Diar hotels in the capital, has secured a Dh1.5 billion (US$408 million) loan for ... and more » More ...
Emirates Business 24/7 Sharjah sees 7% rise in tourists Emirates Business 24/7 The number of hotels and hotel apartments rose from 103 in 2008 to 110 in 2009. The total number of available rooms increased to 8727 last year (4275 hotel ... and more » More ...
Sharjah Tourism Picks Up in 2009 Second Half Khaleej Times The statement said that during 2009, the number of hotels and hotel apartments in the emirate of Sharjah increased by seven percent to 110 (41 hotels and 69 ... and more » More ...
GulfNews Sharjah tourism bounces back GulfNews According to SCTDA statistics, the number of hotels and hotel apartments in the emirate increased by 7 per cent to 110 (41 hotels and 69 hotel apartments) ... and more » More ...
Locals give hotels a vital boost National Abu Dhabi's National Corporation for Tourism and Hotels, which owns and manages some hotels in the capital, said yesterday that preliminary results showed ... and more » More ...
Emirates Business 24/7 DTCM to introduce new classification system for Dubai hotels this year Emirates Business 24/7 The Abu Dhabi Tourism Authority (ADTA) followed shortly in September when it rolled out Abu Dhabi's new hotel classification system classifying 110 ... and more » More ...
Al Ain Airshow 2010 dazzles spectators Khaleej Times These include gold sponsors Etihad, Pilatus, Al Ain Water and Abu Dhabi National Hotels , along with silver sponsors Mubadala Aerospace, ADAT, ... and more » More ...
Mideast Hotel Occupancy Drops 9.9 Per Cent in 2009 Khaleej Times The Dubai-based research firm Proleads, the UAE accounts for most new hotel projects costing $4.4 billion followed by Saudi Arabia ($1.2 billion), ... and more » More ...
Investors shrug off IMF report National Abu Dhabi Aviation closed 10 per cent higher and Abu Dhabi National Hotels jumped 9.1 per cent. Abu Dhabi Commercial Bank closed flat the day after posting ... and more » 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.
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