ABU DHABI – Waha Capital PJSC, an Abu Dhabi-listed investment management company (ADX: WAHA), reported a 221% increase in net profit year-on-year to AED 318 million for H1 2023 – equating to a return on equity of 12.6% – driven by healthy returns from its capital markets funds and higher fee income from managing third-party assets.
The company recorded total operating income of AED 500 million in the first six months of 2023, an increase of 123% from AED 224 million a year earlier. Income growth was primarily driven by the strong performance of Waha Investment, a wholly owned asset…
