Sunday, May 12, 2013
DUBAI (Zawya Dow Jones)--Waha Capital, an Abu Dhabi-based investment firm, Sunday said first-quarter net profit jumped to 85.3 million U.A.E. dirhams ($23.2 million) as income from its investments increased.
Waha's quarterly profit was AED15.9 million in the same period in 2012.
Waha has a financial advisory business and holds private equity stakes in local companies including Stanford Marine Group and Dunia Finance. It also owns a stake in Aercap Holdings, an aircraft leasing company listed in New York.
Waha shares closed trading on Thursday at AED0.82.
Write to Nicolas Parasie at nicolas.parasie@dowjones.com
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(END) Dow Jones Newswires
12-05-13 0517GMT
