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FINANCIAL NEWS
Waha Capital gets USD505m loan
14 Jun 2011
(MENAFN) Waha Capital’s CEO, Rashid Al Noaimi, said that the investment holding company got a USD505 million three year revolving loan from eleven local, regional and global banks, reported Emirates 24/7.
Al Noaimi added that the Abu Dhabi based company would use the capital in existing investments in addition to new ones.
He also said that the company would aim to operate multi sector business growth and diversification through purchasing, joint ventures and creating new businesses.
It is worth noting that Waha Capital PJSC is a diversified, investments holding company, which was established through the restructuring of Oasis International Leasing Company PJSC in February three years ago. Its business portfolio includes big-ticket leasing, financial services, maritime and property development.
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