Waha Capital pushes ahead with ‘turnaround strategy’ – The National

Waha Capital pushes ahead with ‘turnaround strategy’ – The National

Waha Capital pushes ahead with 'turnaround strategy'. The company, which completed financial restructuring last year, is eyeing new business opportunities in growth sectors. Waha Capital is pressing on with a turnaround strategy despite booking a Dh616.3 million loss last year.. "Waha Capital's board fully supports the company's recently-adopted turnaround strategy," Waleed Al Muhairi, chairman of Waha Capital, said in a bourse filing. ". We are optimistic that this strategy will yield positive results throughout 2020 as the business focuses on generating increased revenue and creating long-term shareholder value.". The company operates two business divisions: its private investments arm that invests directly in high-potential companies, and its asset management division, which invests in proprietary and third-party funds in globally-listed equities and credit.. "We will continue to focus on our asset management business in 2020 [and] pursuing opportunities for the private investments business," said Mr Al Menhali, who took charge of the company in September.. Driven by the AerCap exit - but partially offset by an increase in the asset management division's financial investments - Waha Capital's total assets at the end of last year stood at Dh9.3 billion, compared to Dh11.6bn from a year earlier.. Total assets under management by the