Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
 | 
Last updated 10 minutes ago
Printer Friendly Version | TGT@Twitter | RSS Feed |
HOME LOCAL MIDEAST ASIA WORLD BUSINESS SPORT OPINION WRITERS
Waha Capital wins award for its $1.1b deal from Banker ME
March 10, 2015
 Print    Send to Friend

ABU DHABI: Waha Capital, an Abu Dhabi-based investment company, has won the “Corporate Deal of the Year” award from Banker Middle East magazine for a deal that raised $1.1 billion (approximately Dhs4 billion) for the company and also reduced balance sheet risk.
 
Waha Capital carried out a hedging and financing transaction in two phases in late 2014 on its stake in the world’s largest aircraft leasing firm, AerCap Holdings, with its principal investments team leading on the deal in collaboration with other divisions within the company.
 
In the process, Waha Capital effectively locked in the value of its AerCap stake by limiting downside equity market risk, and raised $1.1 billion (approximately Dhs4 billion) in financing to be deployed in further investments and repayment of debt.
 
“In 2014, Waha Capital experienced its most successful year since the company’s establishment nearly two decades ago, not only from the point of view of profitability, but also because we established a solid foundation for further growth,” said Waha Capital CEO and MD Salem Al Noaimi.
 
Waha Capital reported a 2014 net profit of Dhs1.73 billion, representing a 466 per cent increase on the previous year.
WAM

Add this page to your favorite Social Bookmarking websites
Comments
 
Post a comment
 
Name:
Country:
City:
Email:
Comment:
 
    
    
FRONTPAGE
 
GALLERY
 
PANORAMA
 
TIME OUT
 
SPORT
 
 
Advertise | Copyright