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2010 Aug 18

Waha Capital CEO Speaks to Stakeholders on Company’s Growth Plans

Abu Dhabi, UAE 18 August, 2010: Salem Rashid Al Noaimi, CEO of Waha Capital, the diversified investment holding company headquartered in Abu Dhabi, yesterday, spoke to the organisation’s stakeholders about the company’s plans for the next phase of its business growth.

Speaking at an Iftar reception held in honour of Waha Capital’s stakeholders, Al Noaimi said, “Over the next few years, we have an exciting growth agenda.

Explaining the broad future strategic direction of Waha Capital’s subsidiaries, he said, “Waha Leasing is seeking to grow its global footprint mainly through partnerships and organic growth.

“Waha Land will continue its focus on developing its flagship project, Al Markaz industrial complex, while also developing affordable housing projects and BOT projects down the line. In the meantime, Waha Maritime is looking to reposition its maritime business by, improving its fleet profile among other things and expanding beyond the GCC. We also remain focused on developing our presence within the financial services space, mainly by developing our capabilities.

He added earlier in his speech, the CEO thanked the organisation’s stakeholders for their support. “Over the past three years, Waha Capital has made a remarkable transition from an aircraft leasing company into a diversified investment holding company.

Today, we have interests in sectors as diverse as leasing, financial services, maritime, oil and gas and real estate development. All this wouldn’t have been possible without your support,” he said. Over the next few years, we are looking to carry out an exciting growth plan and I look forward to continue working closely with our stakeholders to bring greater successes to Waha Capital and greater value to you.

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