Abu Dhabi – Mubasher: The net profits attributable to the owners of Waha Capital stood at AED 204.67 million in the first half (H1) of 2024, marking an annual rise of 21% from AED 168.85 million.
Net operating income amounted to AED 529.26 million in H1-24, higher by 6% year-on-year (YoY) from AED 500.34 million, according to the financial results.
Basic and diluted earnings per share (EPS) grew to AED 0.11 as of 30 June 2024 from AED 0.09 in H1-23.
Income Results for Q2
In the second quarter (Q2) of 2024, the company’s profits plummeted by 60% YoY to AED 38.28 million from AED 93.90 million, while the total income fell by 57% YoY to AED 110.97 million from AED 258.58 million.
Meanwhile, the EPS amounted to AED 0.02 in Q2-24, lower than AED 0.05 a year earlier.
Waleed Al Mokarrab Al Muhairi, Chairman of Waha Capital, said: “Despite challenging global macroeconomic conditions, Waha Capital demonstrated robust financial performance in the first half of 2024, achieving a return on average equity of 13.10%.”
“The Waha Investment business continued its strong track record by securing AED 691 million in new third-party capital, highlighting institutional investors' confidence in our flagship funds,” Al Muhairi noted.
In Q1-24, Waha Capital registered AED 281 million in net profit, higher by 90% YoY than AED 148 million.
