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  • 15-02-22

    Waha Capital registers rise in annual profit to 69 percent

    (MENAFN) Waha Capital, which includes Mubadala Investment Firm among its stockholders, regostered a 69 per cent rise in yearly revenues in this year, pushed by "strong returns" from its developing markets credit as well as equity funds units, based on the investment management company statement.

    According to the firm’s statement in a filing to the Abu Dhabi Securities Exchange (ADX), where its stocks are exchanged, profit accredited to the owners of the firm for the year that ends December 31 soared to Dh391 million (USD106m), from Dh231m (USD 62.88m) in 2020.

    According to Waleed Al Muhairi, chairperson of the firm statement, "Waha Capital delivered a strong financial performance in 2021 despite volatile markets and a challenging macroeconomic environment," and added, "the company is now well-positioned to build on the success of the past year so that it can generate long-term, sustainable value for its shareholders."

    MENAFN15022022000045013568ID1103698743

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