Waha Capital Shareholders Approve 2024 Dividend Distribution at Annual General Meeting

• Shareholders approve cash dividend of 10 fils for the 2024 financial year
• Waha Capital reported net profit of AED 381 million in 2024, equating to a return on average equity of 10%

Abu Dhabi, United Arab Emirates, 18 March 2025: Shareholders of Waha Capital PJSC (ADX: WAHA), an investment management company listed in Abu Dhabi, approved a cash dividend of 10 fils per share during the company’s Annual General Meeting (AGM) on 18 March 2025.

Shareholders also reinforced Waha Capital’s ongoing commitment to supporting communities by authorising the allocation of up to 1% of the company’s net profit for corporate social responsibility (CSR) initiatives. The company also introduced a scholarship program for UAE-based students in finance, mathematics, and economics, offering full financial support and career opportunities.

Waha Capital reported a 2024 net profit of AED 381 million attributable to shareholders, representing a 10% return on average equity. As of 31 December 2024, the company’s total assets under management stood at AED 11.9 billion, a 13% increase from AED 10.5 billion in 2023.

Waleed Al Mokarrab Al Muhairi, Chairman of Waha Capital, commented: “The approval of a 10 fils per share dividend for 2024 underscores Waha Capital’s commitment to delivering consistent value to our shareholders. The company’s strong results in 2024 are a testament to its effective investment strategy that adeptly navigated global market volatility. With a rapidly expanding third-party investor base and robust performance across our business pillars, we continue to reaffirm our position as a trusted financial partner in Abu Dhabi and beyond.”

Mohamed Hussain Al Nowais, Managing Director of Waha Capital, said: “Waha Capital delivered strong performance in 2024, driven by a resilient investment strategy and sustained growth across our business verticals. Our progressive dividend policy represents a commitment to delivering consistent shareholder returns by increasing assets under management and increasing sources of recuring revenue. Looking ahead, we will continue to pursue high-growth opportunities, expand our asset management portfolio, and reinforce Waha Capital’s position as a gateway to Abu Dhabi’s thriving economy.”