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Abu Dhabi based investment company Waha Capital recorded a net loss of Dh27.2 million - attributable to shareholders - for the first six months of 2020, an improvement on the Dh124.38 million it recorded same time last year.
Overall net losses for the period was Dh49.76 million, as against a loss of Dh77.6 million from a year ago. But for the April to June period, it had reported net profits of Dh267.2 million (against a loss of Dh124.4 million in 2019), brought about by a Dh300.1 million profit from a capital markets transaction.
There was also a private investment profit, of Dh3.2 million, as against a loss of Dh186.1 million a year before.
The Group has diversified interests, including in financial services, industrial real estate, healthcare, oil and gas, as well as maritime.
Abu Dhabi investment firm Waha Capital plans to hire more people as it seeks to start new funds, one of which will target undervalued US and European equities.
“Our strategy is to increase
Abu Dhabi investment firm Waha Capital PJSC plans to hire more people as it seeks to start new funds, one of which will target undervalued US and European equities.
“Our strategy is to incr
Waha Capital has abandoned plans to raise a $300 million (Dh1.10 billion) private equity fund and the Abu Dhabi-based firm is pushing ahead with a new strategy for its private equity business, source
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