Waha Capital Secures $400M Credit Facility to Fuel Expansion

Abu Dhabi-based investment management firm Waha Capital has successfully refinanced a $400 million revolving credit facility, supported by a consortium of leading banks. This facility, which can potentially be extended up to $500 million, is set to strengthen the company's investment capabilities and strategic growth initiatives over the next three years.

Waha Capital, listed on the Abu Dhabi Securities Exchange, has long been recognized for its solid financial health and strategic investments in both public and private markets. The new credit facility, which can also have its maturity extended by up to two years, positions the company to capitalize on emerging opportunities in various sectors.

The group of lenders backing this refinancing includes prominent institutions such as Abu Dhabi Commercial Bank, Emirates Islamic Bank, Commercial Bank of Dubai, and Gulf International Bank. This move reflects the strong confidence these banks have in Waha Capital's business strategy and its ability to deliver consistent returns to its shareholders.

Waha Capital's Managing Director, Mohamed Hussain Al Nowais, highlighted the importance of this refinancing, noting that it provides the company with the flexibility to invest in growth opportunities as they arise. The company's performance in the first half of 2024, with a 21% year-on-year increase in net profit to AED 205 million, underscores its resilience and strong market positioning.

Founded in 1997, Waha Capital has established itself as one of the leading private-sector investment houses in the Emirate. The company's expertise in emerging markets, coupled with its robust business networks, has enabled it to generate attractive returns for its investors. With this new credit facility, Waha Capital is well-positioned to continue its growth trajectory and enhance shareholder value in the years to come.

The new revolving credit facility is not just a financial maneuver but a strategic move that aligns with Waha Capital's long-term vision. The company's focus on leveraging its strengths to invest in promising sectors will likely yield significant returns, further solidifying its standing in the investment management industry.
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