Waha Capital posts Dh111m in Q1 net profit

SourceThe National
SectorFinancial Markets
CountryUAE

Abu Dhabi-listed Waha Capital posted a profit during the first quarter as an improving global economic outlook helped its public markets division and the private investments businesses perform well.

The company earned a net profit of Dh111 million ($30.2m) for the three months to March 31, compared to a loss of Dh294m during the same period last year, it said in a statement on Tuesday to the Abu Dhabi Securities Exchange, where its shares trade.

“The Covid-19 vaccination programme has continued to reaffirm confidence in global markets during the first quarter contributing to Waha Capital’s strong financial performance,” said Waleed Al Muhairi,

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