SIGNIFICANT investments in major local companies resulted in the National Investment Fund Holding Co Ltd (NIF) reporting a $2 billion loss for the year ending December 2023.
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National Investment Fund up to $9.3b
Thursday 1 April 2021
Republic Bank s branch in Rio Claro. The National Investment Fund owns 26 per cent in the Republic Bank group. - Photo by Marvin Hamilton
The value of the National Investment Fund rose to $9.3 billion in 2020, an increase of $1.3 billion since it was set up in mid-2018, chairman Vishnu Dhanpaul reported.
Although the amounts are at lower levels due to the economic impact of the covid19 pandemic, Dhanpaul noted the fund has received a steady stream of dividend payments from investments in Republic Bank, Angostura Holdings, West Indian Tobacco Co Ltd (Witco), One Caribbean Media Ltd (OCM) and Trinidad Generation Unlimited (TGU).