Waha Capital Company

Waha Capital PJSC, an Abu Dhabi-listed investment management company, has refinanced its revolving credit facility with the support of four local and regional banks. The new facility is valued at US$400 million with a 3-year term, and it can be increased to US$500 million with the maturity date extendable by up to two years. The refinancing was met with strong interest and improved terms, indicative of the lenders' confidence in Waha Capital. The banks involved are Abu Dhabi Commercial Bank, Emirates Islamic Bank, Commercial Bank of Dubai, and Gulf International Bank. Waha Capital's Managing Director, Mohamed Hussain Al Nowais, highlighted the company's solid financial health and strong business performance as key factors in securing the enhanced terms. In the first half of 2024, Waha Capital achieved AED 205 million in net profit attributable to shareholders, a 21% increase year-on-year, driven by strong performance across its business segments.

Financial Results H1/Q2 2024 1 August 2024 Abu Dhabi Securities Exchange ticker: WAHA wahacapital.com

On 1 August 2024, the Board of Directors of Waha Capital PJSC held a meeting in Abu Dhabi. During this meeting, the Board approved the company's financial statements for the second quarter ending 30 June 2024, renewed the company's revolving credit facility, and discussed other general business matters. This notification was issued by the Market Operations Surveillance Department of the Abu Dhabi Securities Exchange.

Waha Capital has released its management discussion and analysis for the period ending June 30, 2024. The document provides an overview of the company's financial performance, strategic initiatives, and market conditions during this period. Key highlights include revenue figures, profit margins, investment activities, and any significant changes in operations or management. The analysis aims to give stakeholders a comprehensive understanding of the company's current status and future outlook.

Resolution No. 447 of 2024 announces the temporary suspension of trading for Waha Capital Company shares. The suspension will start at 10:00 AM on August 1, 2024, to coincide with the company's Board of Directors meeting, and will remain in effect until the Abu Dhabi Securities Exchange (ADX) receives the meeting results. All ADX department heads are instructed to implement this resolution within their respective areas. The resolution will be circulated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and all accredited brokers. The resolution was approved by the authorized person and issued on July 30, 2024.

The Market Operations Surveillance Department of the Abu Dhabi Securities Exchange has issued a notice regarding the upcoming meeting of the Board of Directors of Waha Capital PJSC. The meeting is scheduled for Thursday, 1 August 2024, at 10:00 a.m. in Abu Dhabi. The agenda includes reviewing the company’s financial statements for the second quarter ending 30 June 2024, updates on the renewal of the company’s revolving credit facility, and other general business matters. This notification is signed by Paul Myers, General Counsel & Board Secretary, and a copy has been sent to the Securities and Commodities Authority.

On 23 July 2024, the Market Operations Surveillance Department of the Abu Dhabi Securities Exchange received a communication from Waha Capital PJSC. The letter included the written approval from the Securities and Commodities Authority (SCA) for amendments to the Company's Articles of Association. These amendments had been previously approved by the Company's shareholders during the Annual General Assembly held on 26 March 2024. The letter was signed by Paul Myers, General Counsel and Board Secretary of Waha Capital PJSC. A copy of the communication was also sent to the Securities and Commodities Authority.