Waha Capital

Abu Dhabi Islamic Bank organizes $32m for Waha Maritime

Waha-CapitalThe investment symbolizes a significant landmark for Waha Maritime in its development in the Offshore Supply Vessel (OSV) segment. A subsidiary of Waha Capital, Waha Maritime, is amongst the Middle East's leading diversified investment holding companies.

The service will permit Waha Maritime to deliberately get bigger in its business segment.

AED 1 Billion Mandatory Bonds or Sukuk approved by Waha Assembly

Waha-CapitalIt has been forwarded by Abu Dhabi's Waha Capital that it has won acceptance from shareholders for its $272 million convertible bond issue. The company's chief executive said that the proceeds would be used mainly to finance a mixed use project.

In February, Waha Capital told that to fund its expansion plans, it planned to issue a 1 billion dirhams convertible bond or sukuk.

UAE army deal lifts Waha stocks

The news of prospective deal involving purchase of Airbus and Boeing military aircraft's by the United Arab Emirates has had positive impact on the stocks of Waha Capital that reached to six-week high on the bourses.

Waha gets first two AHT vessels

Waha Maritime, an arm of Abu Dhabi's Waha Capital has revealed taking delivery of its first two anchor handling tug (AHT) vessels.

The sources said that the vessels were acquired by Waha Offshore Marine Services, Waha Maritime's offshore support vessel owning and operating subsidiary.

The first ship, Waha I, is a 48-metre long vessel powered with two Caterpillar engines of up to 5,150 brake horsepower (BHP). The second one, Waha II, is 38- metre long twin screw powered with 5,000 BHP Niigata engine.

Waha Capital advised by Trowers and Hamlins on JV with AerCap

Waha Capital received advice by City law firm Trowers & Hamlins LLP on its signing of a $270m aircraft leasing joint venture with AerCap. This venture would witness Waha Capital enlarge its presence in the global aircraft leasing sector.

If the advice by Trowers & Hamlins is adhered to, then a 50% stake in the aircraft would be acquired by Waha Capital leasing joint venture company AerVenture, which was established in 2006 by AerCap.

Fifty percent stake in AerVenture bought by Waha Capital

Sunday saw Abu Dhabi-based investment company Waha Capital announcing that it would invest a sum of $135 million (Dh495.4 million) to acquire 50 per cent stake in the $2.4 billion AerVenture, a subsidiary of Dutch aircraft leasing firm AerCap.

A delivery of 22 Airbus A320 aircraft has been taken by AerVenture which have been leased to airline companies around the world. Air France-KLM and Royal Jordanian are its customers.