14/05/2018 08:24 AST

Waha Capital said first-quarter profit rose 23 per cent on strong performance of the company’s asset management division and a gain on disposal of shares in US-listed aircraft lessor AerCap Holdings.

The investment firm which counts Mubadala Investment Company as a shareholder, said net profit for the three months ending March 31, rose to Dh107 million from the year earlier period, according to a regulatory filing with the Abu Dhabi Securities Exchange, where its shares are listed.

Total income for the quarter increased 18.9 per cent year-on-year to Dh316.2m, largely due to a rise in income by Waha Capital’s Mena Equity and CEEMEA Fixed Income Fund and an increase in assets under management.

“The first quarter results show the strength of our business, with our asset management division providing robust growth, to compliment a steady performance by our principal investments portfolio,” said Salem Al Noaimi, chairman of Waha Capital. Total expenses decreased 5.3 per cent to Dh160m in the quarter, Waha Capital said, and it detailed a one-off Dh25m gain from the sale of 3.77m shares in Aercap. Waha Capital retains a 15.68 per cent stake in the world’s largest aircraft leasing firm. The company approved a 17.5 per cent cash dividend of Dh321.7m, or Dh0.175 per share, at its annual general meeting on March 25. In the last year, Waha Capital has diversified its assets, and the company is actively pursuing further investment opportunities, Mr Al Noaimi said.

“Meanwhile, we continue to steadily increase fee income by attracting third-party investors to our actively managed funds, which have consistently outperformed their benchmarks,” he added.

The firm’s Waha Mena Equity Fund recorded a 10.8 per cent return in the first quarter and the Waha CEEMEA Fixed Income Fund registered a return of 4.1 per cent.

Waha Capital’s total assets rose to Dh11.53 billion at the end of the first quarter from Dh11.35bn at the end of last year.

The National

Waha Capital plans to hire for new fund targeting US and Europe


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

The National

Waha Capital plans to hire for new fund targeting US, Europe


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

Gulf News

Waha Capital abandons plan to raise new PE fund -sources


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

Gulf News

Ticker Price Volume
WAHA Sector Market
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
DIC 2.00 0.03 (1.52%)
DFMC 0.95 0.00 (-0.43%)
ALRAMZ 4.55 0.00 (0.00%)
SHUAA 1.01 0.01 (1.00%)
GGICO 0.27 0.01 (5.51%)
Bank Nizwa participates in Malaysia industry event


Bank Nizwa, represented by two of its Board Members, Sami Al Dhugishi and Ishaq Al Maouli along with Chief Executive Officer, Khalid Al Kayed, participated in the 2nd Islamic Financial Services Board

Times of Oman

Emirates NBD stands chance to renegotiate Denizbank acquisition


The sharp decline of the Turkish lira in recent weeks has triggered speculation in banking circles that Emirates NBD stands a chance to renegotiate its deal to acquire Denizbank as the valuation has

Gulf News

Eshraq reports best half-year since 2014


Abu Dhabi-listed Eshraq Properties reported a first-half net profit of Dh14.8 million, compared to a loss of Dh0.32 million in the first half of 2017. The property firm said in a press statement that

Gulf News

Damac and RHG to launch Radisson Hotel


Damac Properties has signed a landmark agreement with Radisson Hotel Group (RHG) to develop and launch the ‘Radisson Hotel, Dubai Damac Hills’, its first, newly launched Radisson-branded property wor

The Gulf Today

Adnoc Distribution net profit up 18pc in H1


Abu Dhabi National Oil Company for Distribution (Adnoc Distribution) has reported that net profit for the six months ended June 30, 2018, increased by 18 per cent to Dh1.124 billion ($306 million) co

Trade Arabia