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MENAFN - Khaleej Times - 07/04/2014
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(MENAFN - Khaleej Times) At the end of 2012 waha had a 60

Abu dhabi investment company waha capital has sold its stake in aerlift leasing to an unidentified us firm for an undisclosed amount waha said on sunday.


At the end of 2012 waha had a 60.4 per cent stake in aerlift leasing which is incorporated in the isle of man according to waha’s most recent annual report.


“we have crystallised a good return to our shareholders through this sale which adds to the capital base we are building to make future investments in areas of strong growth potential” waha chief executive salem rashid al noaimi said in a statement to abu dhabi’s bourse.


The statement did not reveal the deal value or identify the buyer of aerlift leasing which owns a portfolio of 11 commercial aircraft operated by a number of international airlines.


Compiled from agencies



 


Khaleej Times




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