|04 December, 2019

Abu Dhabi's Waha Capital sells remaining stake in AerCap

Waha has been a shareholder in AerCap since 2010

Traders monitor the share prices at the Abu Dhabi stock market.

Traders monitor the share prices at the Abu Dhabi stock market.

REUTERS/Ravindranath

Abu Dhabi-based investment company, Waha Capital, has divested its remaining stake in New-York listed Aercap Holdings for 40 million UAE dirhams ($10.89 million).

Waha Capital has been a shareholder in AerCap since 2010 and has reduced its stake gradually in recent years to relocate capital in diverse investments to enhance shareholder value, Waha said in a statement.

Waha appointed a new chief executive officer following a management shakeup earlier this year. The company has invested in energy, financial services, healthcare, infrastructure and other sectors through its private investments business.

(Reporting by Gerard Aoun; editing by Seban Scaria)

(gerard.aoun@refinitiv.com)

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© ZAWYA 2019

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