Waha Capital Profits Rise of 4.6% which Amounts to AED 425 million in 2017

MediaIn – Abu Dhabi January 30, 2018

Waha Capital posted a net profit of 425.9 million AED in 2017 showing a rise up to 4.6 percent compared to 2016.

The company posted a net profit of AED 158.1 million during the fourth quarter of 2017, an increase of 710.8% compared to AED 19.5 million for the same period in 2016.

“The financial indicators reflect the success of Waha Capital’s strategy to diversify its assets, revenues and portfolio,” said Hussein Jassim Al Nowais, Chairman of Waha Capital. “The continued growth in net profit and operating profit in particular reflects the company’s growing ability to acquire a share larger than the investment market.