(MENAFN- Khaleej Times) Waha Capital PJSC, a leading investment company based in Abu Dhabi, has reported an increase of 3.5 per cent year on year to Dh84.7 million, with the company's capital markets funds contributing strong returns.
Total income reported by the group for the quarter which ended 30 September 2017 rose 6.58 per cent to Dh266.5 million. This was largely due to higher income from the company's investments in its own fixed income and equity funds, which are also offered to third-party investors.
Income from financial investments, which include holdings in its capital markets funds, increased 80.3 per cent to Dh93.2 million in the third quarter. The funds continued their strong performance, with the Waha Mena Equity Fund providing a 15.0 per cent total return in the first nine months of 2017, and the Waha CEEMEA Fixed Income Fund producing a total return of 12.9 per cent in the same period.
Salem Rashid Al Noaimi, chief executive officer and managing director of Waha Capital, said: "The company continues to perform well across the board, and we are particularly pleased with the growing contribution from our asset management business. Assets under management have grown considerably in the last year, as we have attracted third-party investors and deployed more of our own capital, in-line with our strategy to diversify our assets and revenue streams. The funds have continued to outperform, enhancing their impressive track record. Our focus is to continue to build our private equity, capital markets and private debt businesses, while ensuring that we create further value across our principal investments portfolio."
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