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  • 12-11-17

    Net profit raise of 3.5 percent reported by Waha in Q3

    (MENAFN) Leading investment company, Abu Dhabi-based Waha Capital PJSC, has reported a growth of 3.5 percent on an annual basis to Dh84.7 million, with the company's capital markets funds contributing strong returns.

    Mostly due to higher income from the company's investments in its own fixed income and equity funds, which are also offered to third-party investors, total income reported by the group for the quarter which ended 30 September 2017 rose 6.58 per cent to Dh266.5 million.

    Chief Executive Officer and Managing Director of Waha Capital Salem Rashid Al Noaimi said, "The Company continues to perform well across the board, and we are particularly pleased with the growing contribution from our asset management business. Assets under management have grown considerably in the last year, as we have attracted third-party investors and deployed more of our own capital, in-line with our strategy to diversify our assets and revenue streams".

    "The funds have continued to outperform, enhancing their impressive track record. Our focus is to continue to build our private equity, capital markets and private debt businesses, while ensuring that we create further value across our principal investments portfolio", Noaimi added.

    MENAFN1211201700450000ID1096074125

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