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Waha Capital's net profit for H1 surges to $87m

Abu Dhabi-based Waha Capital has reported solid growth for H1 with its net profit surging three-fold to AED318 million ($87 million), while its total operating income hit AED500 million ($136 million) driven by healthy returns from capital markets funds. ....

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Waha Capital's net profit for H1 surges to $87m

Abu Dhabi-based Waha Capital has reported solid growth for H1 with its net profit surging three-fold to AED318 million ($87 million), while its total operating income hit AED500 million ($136 million) driven by healthy returns from capital markets funds. ....

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Abu Dhabi's Waha Capital swings to $63m net profit

Abu Dhabi s Waha Capital swings to $63m net profit
ABU DHABI, February 13, 2021
Waha Capital, a leading investment company in Abu Dhabi, has announced a net profit of AED231 million ($63 million) in 2020, compared to a loss of AED616 million ($168 million) in 2019.
Announcing the audited financial results for 2020, Waha Capital said that its consolidated operating income too surged to AED662.2 million from AED4.8 million the year before.
During the third quarter, Waha Capital made an investment of $50 million in Despegar.com, a leading NYSE-listed company in the online travel sector in Latin America.
The general and admin expenses were reduced by 15.8% to AED 217 million against AED258 million in 2019, while the total assets stood AED 8.9 billion against AED9.3 billion in 2019. ....

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