Investment losses in AerCap push UAE's Waha into the red - Reuters:
Abu Dhabi-based investment firm Waha Capital on Sunday reported a first-quarter loss, hit by investment losses in AerCap.
The firm made a net loss attributable to shareholders of 57.8 million dirhams ($15.8 million) in the three months ending March 31, compared to a net profit of 107.4 million dirhams in the prior-year period, it said in a statement.
Reuters reported last week that Abu Dhabi investment firm Gulf Capital and Waha Capital have held exploratory discussions regarding a merger, with talks having taken place over the last few months, sources told Reuters last week
Abu Dhabi-based investment firm Waha Capital on Sunday reported a first-quarter loss, hit by investment losses in AerCap.
The firm made a net loss attributable to shareholders of 57.8 million dirhams ($15.8 million) in the three months ending March 31, compared to a net profit of 107.4 million dirhams in the prior-year period, it said in a statement.
Reuters reported last week that Abu Dhabi investment firm Gulf Capital and Waha Capital have held exploratory discussions regarding a merger, with talks having taken place over the last few months, sources told Reuters last week
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