Waha Capital acquires $76.8 million of shares in AerCap Holdings

Abu Dhabi: Waha Capital, an investment company based in Abu Dhabi, has acquired 2.04 million shares in New York-listed AerCap Holdings N.V. for a total of $76.8 million, as part of an open market share purchase programme. Following this acquisition, Waha Capital’s stake in AerCap Holdings has increased from 13.6 per cent to 14.6 per cent.

Waha Capital, which has been a major shareholder in AerCap Holdings since 2010, may purchase up to an additional 1.96 million shares in AerCap Holdings under the programme, subject to certain price and other conditions, the company stated in a press release.

Waha Capital is active in Principal Investments, Capital Markets and Industrial Real Estate. The company’s portfolio consists of direct investments across a number of sectors which include aircraft leasing, health care, consumer finance, energy, infrastructure and industrial real estate. Waha Capital enjoys a close affiliation with some of Abu Dhabi’s most prominent investment and financial institutions. The company’s institutional shareholders include Mubadala Development Company. It reported net profit of Dh466.9 million in first nine months of 2015. Earnings were driven by the performance of key portfolio investments AerCap Holdings, Dunia Group and the capital markets division.