Waha Capital’s general assembly approves the distribution of cash dividends and treasury shares

The shareholders of “Al Waha Capital Investment Company”, which is headquartered in Abu Dhabi and listed on the Abu Dhabi Securities Exchange, approved during the annual general meeting of the company, which was held on March 28, 2022, the distribution of cash dividends at 7.55 fils per share, and treasury shares at a rate of 7.55 fils per share. 2.45%.


strong performance

Walid Al Mokarrab Al Muhairi, Chairman of Waha Capital, said that the company continues its strong financial and operational performance, which is reflected in the significant growth in its net profits for 2021.

He added, "In light of this performance, the Board of Directors proposed distributing cash dividends of 7.55 fils per share, and treasury shares at 2.45%, and this proposal has now been approved during the General Assembly meeting."

He continued, "Despite the continued fluctuations in the global capital markets and challenges in the macroeconomic environment, we will continue our efforts with caution, as we lead the company during the next phase of its growth and development," stressing the provision of support to the senior management of "Waha Capital" to implement its growth strategy, And exploring rewarding investment opportunities, thus enhancing the company's success and its ability to generate sustainable future returns for its shareholders.


public market unit

According to the company, the Public Markets unit, with a portfolio of assets under management of 4.4 billion dirhams ($ 1.2 billion), achieved strong investment gains, fee income of 902 million dirhams, and net profits of 603 million dirhams during the year 2021.

This strong performance came thanks to the superiority of its funds, as the “Oasis Fund for Equity Investments in the Middle East and North Africa Markets” achieved a total return of 32.8%, and the total return of the “Oasis Islamic Fixed Income Fund” reached 9.7%, while the “Oasis Fund for Investment in Instruments” recorded a total return of 9.7%. Credit in Central and Eastern Europe, the Middle East and Africa” with a total return of 7.2%.


private investment

On the other hand, during the last quarter of 2021, the Private Investments Unit began implementing its new strategy for long-term investment in multiple asset classes.

This strategy focuses on investing capital globally, through the global opportunities portfolio and the core asset portfolio, and supporting the process of generating value from its legacy, underperforming asset portfolio.

It is noteworthy that the total assets of Waha Capital amounted to 5.8 billion dirhams by December 31, 2021, compared to 5.1 billion dirhams in 2020.

Follow our latest local and sports news and the latest political and economic developments via Google news