Acquisition of the 182,500 sqm asset increases Aldar’s net leasable area to more than 600,000 sqm, including projects under development
Waha Capital
Latest in Waha Capital
Abu Dhabi
Waha Capital shareholders approve 2024 dividend and CSR initiative
Cash dividend of AED0.1 for FY 2024; Shareholders also authorise the allocation of up to 1% of the net profit to CSR initiatives
Abu Dhabi
Waha Capital secures $400mn revolving credit facility from leading banks
The new facility positions Waha Capital to invest in emerging growth opportunities over the coming years
Asset Management
Abu Dhabi’s Waha Capital secures new $500m revolving credit facility
Backed by four local and regional banks, the three-year revolving credit facility replaces and upsizes the current facility of $400m
Abu Dhabi
Abu Dhabi’s Waha Capital names new managing director
Mohamed Hussein Al Nowais previously held roles at ADIA and at JP Morgan in New York
Chennai
Waha Capital acquires minority stake in Dubai’s Petronash Holdings
Petronash deal includes options to increase Waha Capital’s stake in the company to up to 50%
Funds
UAE’s Waha Capital plans to hire for new fund targeting US, Europe
Abu Dhabi investment firm, which has $653m in assets under management, is reorganising its fund-marketing division
Hussain Jasim Al Nowais
Divestments see Waha Capital report sharp rise in Q4 profits
Two large transactions saw profits rise from $5.31 million in 2016 to $43 million in 2017