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Waha Capital posts 43% hike in FY13 profit

February 5, 2014

Abu Dhabi investment firm Waha Capital posted a 43 percent rise in annual profit on Tuesday following higher returns on its portfolio, reported Arabian Business. Waha made a net profit in 2013 of AED306.4m ( $83.42m ), up AED214.4m in 2012. "The growth in net profit was driven by increased returns from Waha Capital's key direct investments, including New York -listed aircraft leasing company AerCap Holdings and UAE consumer finance company Dunia Finance, as well as the strong performance of the company's capital markets division," it said in a statement.The firm's total assets grew to AED5.2bn from AED4.4bn a year earlier.; All Rights Reserved - Mubasher Info

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Source: Mubasher (Saudi Arabic)

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