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Abu Dhabi's Waha Capital to invest $870 million cash bounty: CEO

Abu Dhabi investment firm Waha Capital plans to invest 3.2 billion dirhams ($872 million) in the short-term to grow its energy, healthcare and infrastructure portfolio, its chief executive said on Sunday.

Salem Rashid al-Noaimi spoke to Reuters after the firm posted an 88 percent increase in fourth-quarter net profit to 142.1 million dirhams and a more-than fivefold increase in annual profit to 1.73 billion dirhams, bolstered by deals around its investment in AerCap Holdings.

AerCap Holdings, in which Waha was the largest shareholder, bought American International Group's aircraft leasing business in a $5.4 billion cash and share deal that was completed in May.

Copyright Reuters, 2015



 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln