Abu Dhabi’s Waha Capital H1-2022 numbers show greater adaptability to global volatility

Abu Dhabi’s Waha Capital H1-2022 numbers show greater adaptability to global volatility

The Abu Dhabi investment management firm Waha Capital was launched in 1997 to leverage its emerging market expertise, business networks, and research capabilities to deliver attractive returns to shareholders and investors in its funds. The ADX-listed company's market value stands at Dh2.58 billion. The public markets focussed division that oversees emerging market credit and equity funds recorded a fee income of Dh152 million for the first-half of 2022 despite challenging macroeconomic conditions. Maintaining a selective investment strategy through its global opportunities portfolio and realizing value from mature assets, the private investments operations have been a robust financial pillar for Waha Capital, recording a net profit of Dh28 million. Compared to the previous year, the Waha Land subsidiary that owns and manages a light industrial real estate development in Abu Dhabi also had a successful first-half. It produced a net profit of Dh20 million against Dh17 million during the same period in 2021. Currently, 95 per cent of the portfolio's properties are leased. Despite the increased volatility in global capital markets, Waha's active management of public market funds into a more defensive posture allowed them to exceed their respective benchmarks in 2022. In the first-half, the Waha MENA Equity Fund had