Abu Dhabi – Mubasher: Waha Capital’s shareholders approved a cash dividend of 6 fils per share, amounting to 6% of its paid-up capital.
The Abu Dhabi-based investment company’s public markets business achieved a profit of AED 321.4 million during 2020 with the CEEMA Credit Fund and Mena Equity Fund returning 14.9% and 14.1%, respectively, according to a statement on Thursday.
The private investments business reported net profits of AED 40 million last year, versus a loss of AED 835.4 million in 2019.
The company’s total assets stood at AED 8.9 billion at the end of 2020, down from AED 9.3 billion in 2019.
Over the course of 2020, Waha Capital turned to net profits of AED 231 million, compared to net losses of AED 616.3 million a year earlier.
