Home News 98.7 million dirhams, profit from «Waha Capital»

98.7 million dirhams, profit from «Waha Capital»

by Dubai Forum
0 comment
Dubai Forum Default

Abu Dhabi (Al-Ittihad) “Waha Capital” recorded a net profit of 98.7 million dirhams in the first half of 2022, compared to 383.1 million dirhams in the same period last year. However, the company recorded a net loss of 101.4 million dirhams in the second quarter of 2022, compared to a profit of 220.6 million dirhams in the same period last year. The sharp decline in global markets is due to the decline in fair value assessments of the company’s holdings of listed securities through its public markets and private investment entities. The Public Markets unit, which manages investment funds in credit and equity instruments in emerging markets, recorded investment gains and fee income of 152 million dirhams in the first half of 2022, while the private investment unit achieved net income of 47 million dirhams as it continued. to successfully allocate capital in the Global Opportunity Portfolio. Waha Land generated a revenue of 25 million dirhams in the first half of the year. Waha Capital’s total assets under management amounted to AED 6.3 billion at the end of June 2022, an increase of 8.6% compared to AED 5.8 billion at the end of 2021.

DF

You may also like

Leave a Comment

About Us

Dubai Forum your daily news roundup covering news from Dubai, the United Arab Emirates and the Middle East region in general.

We share news about #people, #travel, #fashion, #startups and #Dubai #communities #DubaiForum

Newsletter