Abu Dhabi: Following a strong 2017 financial performance, Waha Capital, an Abu Dhabi based investment company has recommended a cash dividend of 15 fils per share, equivalent to 15 per cent of its paid-up capital. The dividend recommendation was made at a board meeting held on February 18, 2018, according to a statement on Monday.
The firm listed on Abu Dhabi bourse reported a net profit of Dh425.9 million in 2017, a rise of 4.6 per cent from the previous year.
“In 2017, the company continued to build its asset management business, further diversified its principal investments portfolio with an investment in the fintech sector, and made two divestments that crystalized strong returns,” said Hussain Jasim Al Nowais, Chairman of Waha Capital.
The company’s annual general meeting is scheduled to be held on March 25.
