03 Feb 2013
(MENAFN) Waha Capital’s Chairman, Hussain Jasim Al Nowais, stated that the diversified investment firm’s net profit leaped by 38.1 percent last year to USD58.37 million, reported Emirates 24/7.
Al Nowais attributed the strong results to the excellent performance from the company’s investee firms, including aircraft leasing firm Aercap and Dunia Finance.
He said that the Abu Dhabi-based firm’s operating income jumped by 21.1 percent to USD126.37 million, up from USD105.21 million a year before.
Meanwhile, the value of the company’s assets stood at USD1.20 billion as of December 31, 2012, up from USD1.14 billion in the previous year.
The chairman noted that Aercap was a key driver of Waha’s earnings in 2012, as the UAE firm raised its stake in the New York-listed company to 26.3 percent from 21.3 percent.
As for the fourth quarter of 2012, Waha’s net profit increased to USD49.94 million, compared with USD25.30 million in 2011’s same period.
The company attributed the quarterly growth to Waha’s share of profit from its interest in aviation investee firms.
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more