UAE's Waha Capital reports $49mln H1 loss | ZAWYA MENA Edition:
Waha Capital, a leading investment company in Abu Dhabi, has reported a net loss of Dh182.2 million ($49.33 million) for the first half (H1) of this year.
The company’s Asset Management business recorded a solid performance, while its Private Investments unit recorded a loss, mainly due to provisions and one-off items, the company said.
Total income from Asset Management increased 64% year-on-year to Dh395 million, while the total general and admin expenses fell by 18% year-on-year to Dh107.2 million. The total impairments and loss on disposal aggregated to Dh363 million.
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