UAE’s Waha Capital hits 88 percent growth in its Q4 profit

01 Feb 2015

(MENAFN) Abu Dhabi investment firm Waha Capital posted an 88 percent growth in fourth-quarter profit, helped by its investments in aircraft leasing company AerCap Holdings, Emirates 24/7 reported.

Waha registered a net profit of USD38.7 million in the quarter ended in December 2014 compared to USD20.57 million in the same period a year ago, it showed.

The company’s full-year net profit estimated at USD470.8 million versus USD83.39 million in 2013.

In December, Waha hedged 12 million shares it owned in AerCap and sold a further 3 million shares in the aircraft leasing firm. Waha did a similar deal in September when it hedged half its stake (15 million shares) in AerCap.

More News

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

This site is registered on as a development site.