Make MENAFN My Home Page
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

UAE's Waha Capital profit up 78 percent in Q1  Join our daily free Newsletter

MENAFN - 14/05/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN) Waha Capital reported a 78 percent rise in its net profit for the first quarter of this year to reach USD41.37 million, resulted from the sale of its stake in an aircraft leasing business, according to the National.ae.

In April, Waha sold 60.7 percent stake in AerLift Leasing, which owns a portfolio of 11 commercial aircraft, to a newly-established US-based aircraft leasing company.<>

The company's revenue resulted from the sale of the AerLift Leasing stake, along with strong returns from the Abu Dhabi investment company's other aircraft business, AerCap Holdings.

Salem Rashid Al Noaimi, the chief executive and managing director of Waha Capital, said: "It is particularly important to note that our profits are now being generated from across our investment portfolio."

 
 


MENAFN




Loading, Please wait....


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help