In 2012, Abu Dhabi National Hotels had been struggling and also the company's performance had significantly decreased, particularly that of its principal resort business. Net profit had been falling since 2009 and, with this shrinking profitableness, investors were losing confidence in the company. The company's share price had also deteriorated and was expected to decrease further.
With the fall in net profit every year, investors were quite concerned about the company's performance as well as the direction of its future growth. The company had five business sections - hotels, retail services, catering, transfer and holding - and also comprised of a deep investigation of the performance areas of the company and strategy to improve these.
PUBLICATION DATE: February 27, 2015 PRODUCT #: W14697-HCB-ENG
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