Abu Dhabi – Mubasher: The shareholders of Waha Capital approved a cash dividend of 10 fils per share during the company’s annual general meeting (AGM) that was held on 18 March 2025.
The shareholders also reinforced Waha Capital’s commitment to supporting communities by allocating up to 1% of the company’s net profit for corporate social responsibility (CSR) initiatives.
Waha Capital reported a net profit of AED 381 million attributable to shareholders in 2024, which equalled a 10% return on average equity.
As of 31 December 2024, the company’s total assets under management (AUM) stood at AED 11.90 billion, an annual growth of 13% from AED 10.50 billion.
Waleed Al Mokarrab Al Muhairi, Chairman of Waha Capital, commented: “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: “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.”
