Waha Capital

Waha Capital
Al Waha Capital PJSC
Native name
 الواحة كابيتال
Public company[1]
Traded as ADX: WAHA:UH
Industry Investment
Founded 1997
Headquarters Abu Dhabi
Key people
 Salem Al Noaimi, CEO
Hussain J. Al Nowais, Chairman
Products Private equity funds, Growth capital, Venture
Website www.wahacapital.ae

Waha Capital (traded as ADX: WAHA:UH) is an Abu Dhabi-based investment company focused on opportunities across the global emerging Middle East markets.[2][3]

Since its foundation in 1997, Waha Capital has invested in five strategic sectors; offshore oil and gas services, aircraft leasing, financial services, healthcare[4] and Infrastructure.[5][6] As of 31 March 2015, the firm had total assets of US$2.7 billion under its management.[7]

History

The firm was originally founded by an Emirati businessman Hussain J. Al Nowais as Oasis International Leasing Company in 1997.[8] Initially, the company operated as a leasing company of high-value assets, including aircraft, ships and infrastructure.[9][10] As of 2000, the firm's shares are listed on the Abu Dhabi Securities Exchange.[11]

Investment strategies

As the central part of the firm's investment strategy, Waha Capital is focused primarily on the MENA region’s emerging economies that are undergoing transition and set to grow.[12][13] It makes direct investments commercially across a number of sectors and regional infrastructure funds.[14]

Primary Investments

Structure and key personnel

Waha Capital is an Abu Dhabi-based investment group established in 1997 by its current Chairman Hussain J. Al Nowais.[19] The firm initially began as a leasing company, Oasis International Leasing Co. and rebranded itself in 2007 as Waha Capital to focus on the investment business.[20] Waha Capital also recruited various renowned investors such as Salem Al Noaimi and Abubaker Seddiq Al Khoori to help serve as directors and oversee the firm’s management.[2] It operates regionally from Abu Dhabi, increased its number of investment professionals to 75 in 2015[21] to manage a total asset value of US$2.7 billion (AED9.8 billion).[22]

Awards

Major acquisitions and investments

References

  1. ↑ "Waha Capital PJSC (WAHA.ADSM)". Zawya. Retrieved 2 December 2015.
  2. 1 2 3 Haseeb Haider (13 November 2015). "Waha Capital to market public equities, credit funds". Khaleej Times. Retrieved 2 December 2015.
  3. ↑ Stanley Carvalho (22 October 2014). "UAE's Waha Capital sees asset growth with $500 mln investment - CEO". Reuters. Retrieved 2 December 2015.
  4. ↑ Sananda Sahoo (30 November 2013). "Abu Dhabi's Waha Capital aims to invest in Dubai's health insurance growth". The National. Retrieved 2 December 2015.
  5. ↑ Stanley Carvalho (17 May 2015). "UAE's Waha Capital to invest up to $1.08 bln by 2020 -chairman". Reuters. Retrieved 2 December 2015.
  6. ↑ "Company Profile". Retrieved 2 December 2015.
  7. ↑ "Investor Presentation" (PDF). Retrieved 2 December 2015.
  8. ↑ "Waha Capital obtains $505m loan". Emirates247.com. 13 June 2011. Retrieved 2 December 2015.
  9. ↑ "Company Profile - About Us". Waha Capital. Retrieved 23 November 2015.
  10. ↑ "Company Profile - Waha Capital". Retrieved 2 December 2015.
  11. ↑ "Waha Capital". Abu Dhabi Securities Exchange. Retrieved 2 December 2015.
  12. ↑ Dania Saadi (16 April 2015). "Waha Capital to invest $1bn in Middle East energy sector". The National. Retrieved 2 December 2015.
  13. ↑ John Everington (1 February 2015). "Record annual profits for Waha Capital". The National. Retrieved 2 December 2015.
  14. ↑ Frank Kane (3 November 2015). "Long-term vision gives Waha Capital chief clear goals". The National. Retrieved 2 December 2015.
  15. 1 2 "Waha Capital extends buy-back period". Gulf News. 16 November 2015. Retrieved 2 December 2015.
  16. ↑ "Abu Dhabi's Waha Capital in $575 mln hedging deal on half of AerCap stake". Reuters. 3 September 2014. Retrieved 2 December 2015.
  17. ↑ Dania Saadi (13 August 2015). "Waha Capital posts 85 per cent fall in second-quarter profit". The National. Retrieved 2 December 2015.
  18. 1 2 "Abu Dhabi's Waha Capital buys into Dubai's National Petroleum Services". Reuters. 29 June 2014. Retrieved 2 December 2015.
  19. ↑ Mahmoud Kassem (12 November 2015). "Waha Capital earnings plunge amid market volatility and weaker Aercap income". The National. Retrieved 2 December 2015.
  20. ↑ "Interview: Waha Land COO Hazem S. Al Nowais on ALMARKAZ". 27 June 2012. Retrieved 2 December 2015.
  21. ↑ "Strategy and operational Update". Retrieved 2 December 2015.
  22. ↑ "Waha Capital delivers record net profit of AED 1.73 billion in 2014, representing a 466%". Wam.ae. Retrieved 2 December 2015.
  23. ↑ "Waha Capital wins Cross-Border Deal Financing of the Year". The Gulf Time. 24 May 2015. Retrieved 2 December 2015.
  24. ↑ "Waha Capital Wins 'Corporate Deal of the Year' from Banker Middle". Highbeam. 8 March 2015. Retrieved 2 December 2015.
  25. ↑ "Waha Capital wins award for its $1.1b deal from Banker ME". The Gulf Today. 10 March 2015. Retrieved 2 December 2015.
  26. ↑ Waheed Abbas (28 May 2015). "Abu Dhabi's Waha Capital plans $500m Shariah-compliant fund". Emirates247. Retrieved 2 December 2015.
  27. 1 2 "AerCap stake helps Waha Capital lift first-quarter profit". The National. 17 May 2015. Retrieved 2 December 2015.
  28. ↑ Tom Arnold (13 May 2014). "Waha Capital profit up to Dh152m with sale of stake at Aerlift Leasing". The National. Retrieved 2 December 2015.
  29. ↑ "Waha Capital net profit surges 38pc". 3 February 2013. Retrieved 2 December 2015.
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