UAE's Waha eyes acquisitions of up to $1 bln

Abu Dhabi-based Waha Capital WAHA.AD is looking at acquisitions of up to $1 billion in the maritime, financial and leasing services sectors, Chief Executive Salem al-Noaimi said on Monday.

"From the maritime side, we are interested in a regional player, financial services would be regional and leasing would be global." Noaimi told Reuters in an interview at the Cityscape property exhibition in Dubai.

He declined to say when acquisitions might take place. Waha is also working on two structured finance deals for the United Arab Emirates' armed forces, Noaimi said, declining to give further details.