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Abu Dhabi: Waha Capital PJSC (ADX: WAHA), an Abu Dhabi-listed investment management company, has been selected by MSCI for inclusion in its key UAE and global small-cap indexes.
The decision by MSCI, one of the world’s leading index providers, raises Waha Capital’s profile amongst global institutional investors. MSCI indexes are closely replicated by passive funds and other investment vehicles, such as mutual and exchange traded funds (ETFs), and widely used as benchmarks for their respective markets.
Starting from 1 December 2021, Waha Capital will be included in the MSCI United Arab Emirates Small Cap Index as well as the MSCI Emerging Markets Small Cap Index in addition to the MSCI ACWI Small Cap Index, which is the flagship global small cap equity index comprising both developed and emerging market countries. These capitalisation weighted indexes are composed using methodology that emphasizes liquidity, investability and replicability.
“The inclusion in these MSCI indexes, further elevates Waha Capital’s profile with international investors,” said Ahmed Khalifa Al Mehairi, Chief Executive Officer at Waha Capital. “Importantly, this development is set in the context of increased liquidity and strong performance by the UAE’s capital markets this year, driven by new listings and the country’s well managed recovery from the global pandemic. As the company forges ahead with a new phase of growth, we are focused on enhancing investor engagement, in line with our long-standing commitment to best practice in transparency and governance.”
Waha Capital reported in early November a net profit of AED 297 million for the first nine months of 2021.
The company operates two core businesses: Public Markets, which offers sophisticated investors actively managed emerging markets credit and equities funds; and Private Investments, which pursues a multi-asset investment approach, with the flexibility to deploy capital directly across diverse sectors and geographies.
With over US$ 1 billion of assets under management in its emerging-markets focused equity and credit funds, Waha Capital’s Public Market business was named as one of the leading asset managers in the region this year by Forbes Middle East. The company’s flagship Waha MENA Equity Fund has also been ranked as one of the world’s top 50 hedge funds by the Global Investment Report.
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About Waha Capital
Waha Capital is an Abu Dhabi-listed investment management company that leverages its emerging markets expertise, business networks and research capabilities to deliver attractive returns to shareholders and investors in its funds.
Founded in 1997, Waha Capital is one of the Emirate’s leading private sector investment houses, providing a world-class platform for investment and growth. The Company has a long-established track record of investing in public and private markets, deploying proprietary capital in alignment with third-party investors.
The Public Markets business offers sophisticated investors actively managed emerging markets credit and equities funds, via a disciplined approach to investment and implementing distinctive strategies to deliver consistent market-leading returns.
The Private Investments business pursues a multi-asset investment approach, with the flexibility to deploy capital across diverse sectors and geographies. The business leverages extensive international business networks to source deals and form co-investment partnerships.
Counting Mubadala Investment Company as an anchor shareholder, Waha Capital is at the forefront of Abu Dhabi’s increasingly dynamic and entrepreneurial ecosystem, creating long-term value for shareholders, fund investors, employees, and communities.
For further information on Waha Capital and its investment capabilities, please visit wahacapital.com
For media enquiries, please contact:
Ameera Khalid
Vice President, Investor Relations & External Communications
Waha Capital
Tel: +971 2 403 9346 E-mail: communications@wahacapital.ae
For investment enquiries, please contact:
Haitham Abdulkarim
Head of Investor Relations & External Communications
Waha Capital
Tel: +971 2 403 9305 E-mail: investor.relations@wahacapital.ae
© Press Release 2021
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