Dubai: Shareholders of Abu Dhabi based investment firm Waha Capital said it has approved a cash dividend of 20 per cent at the Annual General Meeting.
“Waha Capital delivered impressive results in 2015, thanks to an increasingly diversified portfolio of investments, which performed well despite the challenging global markets backdrop. The company’s financial strength, and in particular our very healthy cash position, has allowed the company to allocate a dividend of Dh0.20 per share, which is highly competitive in the current environment. The company remains focused on building shareholder value, by investing prudently in high potential areas of the regional economy,” said chairman Hussain Jasem Al Nowais in a statement.
Waha Capital reported a 2015 net profit of Dh588 million, driven by key investments in the aircraft leasing and consumer finance sectors, as well as a strong performance by the company’s capital markets portfolios. This represented a return on equity of 14.3 per cent.
Waha Capital is focused on continuing to drive growth in the business and is committing additional capital to expand its principal investments. The company has also launched an asset management platform, which is offering investors access to high potential regional capital markets and private equity opportunities and is also investing significant seed capital in these new funds.
