Major ShareHolders

NIG and its subsidiaries own 50.28% shares of Al Saqar Middle East Investment PSC and is the largest shareholder. National Industries Group Holding was established in 1960 under the name of National Industries Company (NIC) by virtue of the Commercial Companies Law in the State of Abu Dhabi with 51% of shares owned by Abu Dhabi Government and 49% owned by the private sector. The company has been quoted since 1984 in Abu Dhabi Stock Exchange. In 1995 and 1996, Abu Dhabi Government sold all its shares in the company to the private sector (Companies & Individuals) as part of its privatization program. On July 14th, 1998, Amiri Decree changed the name of the company from National Industries Company to National Industries Group D.S.C. and in April, 2003, it became National Industries Group (Holding) D.S.C. and the activities thereof were restructured to comply with the new legal entity