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Dubai: An upturn in the markets and its own restructuring efforts are paying off for Abu Dhabi’s Waha Capital, the investment company. Waha recorded first quarter profits of Dh111 million, a sharp turnaround from the Dh294 million loss same time last year. Net operating income for the period came to Dh250 million, against a net operating loss of Dh408 million. “The outlook for the rest of the year is encouraging, and the company has a comprehensive strategy to take advantage of opportunities in our key sectors and markets,” said Waleed Al Mokarrab Al Muhairi, Chairman. Solid returns The company’s Public Markets business delivered first quarter profits of Dh139 million, with two of its funds delivering “strong returns”. The Private Investments division – made up of assets in healthcare, industrial real estate, financial services and fintech - delivered profits of Dh15 million.

United arab emiratesAbu dhabi wahaAhmed khalifa al mehairiWaha capitalImage creditAbu dhabiWaleed al mokarrab muhairiPublic marketsPrivate investmentsஒன்றுபட்டது அரபு அமீரகங்கள்வாஹா மூலதனம்படம் கடன்பொது சந்தைகள்ப்ரைவேட் முதலீடுகள்