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Press Releases

Waha Capital is continuously striving to deliver the highest level of corporate communication practices

2009 Jul 27

Waha Capital posts AED 21 million net profit in H1 2009

Abu Dhabi 27 July 2009: Waha Capital, the diversified Abu Dhabi-based ADX-listed company today announced its financial results for the first half of 2009. Revenues for the six months ending 30th June 2009 stood at AED 249 million. Net profits were AED 21 million for the period ending 30th June this year. The results were released following the company’s board meeting.

Waha Capital’s financial report sent to ADX showed that operating profits were AED 11 million in the first half of this year. Value of operating assets stood at AED 4.6 billion at the end of the first half of 2009.

Salem Rashid Al Noaimi, Waha Capital’s CEO, highlighted the Company’s firm belief in a long-term and well-defined investment policy aimed at diversifying sources of income while meticulously considering emerging business opportunities, especially in the UAE. "We are committed to keeping shareholder and partner interest paramount in all our business dealings continues to bear fruit."

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