Monday, Apr 16, 2012
DUBAI (Zawya Dow Jones)--Waha Capital PJSC, an investment company listed on the Abu Dhabi bourse, said shareholders have approved a 5% cash dividend and elected a new board of directors.
The dividend represented a yield of about 7% on Waha's closing price on April 12, the company said in a statement Sunday. The new board of directors is headed by Hussain Jassim Al Nowais.
Waha, which in February reported a 46% year-on-year fall in fourth-quarter net profit to 93 million U.A.E. dirhams ($25 million), has investments in aircraft leasing, oil services, real estate and financial services.
Waha shares closed trading Sunday down 1.4% at AED0.71.
-By Asa Fitch, Dow Jones Newswires, +971 4 446-1685, asa.fitch@dowjones.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
16-04-12 0519GMT
