The Abu Dhabi-listed Waha Capital, which counts Mubadala Investment Company as a shareholder, elected a new board and approved a cash dividend of 17.5 fils per share at its annual general meeting.
Shareholders of the investment company named Salem Al Noaimi as chairman and Ahmed Al Dhaheri as vice chairman at the AGM, Waha Capital said on Monday.
Michael Raynes, who held senior positions at Waha for more than a decade, was appointed chief executive of the company. Mr Al Noaimi, who has served as chief executive since 2009, succeeds Hussain Al Nowais as chairman.
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Waha Capital sells healthcare diagnostics firm stake
Waha Capital's third quarter net profit rise 3.5%
Waha Capital invests $55 million in fintech company Channel VAS
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Waha, whose net profit attributable to shareholders rose 4.6 per cent to Dh425.9 million in 2017, expects further growth this year and will pursue investment opportunities, the company said.
The company, which has a stake in aircraft lessor AerCap Holdings, will focus on investments in Saudi Arabia and the UAE, said Mr Al Nowais, according to a Bloomberg report. It will look into opportunities in health care, financial services and technology.
Waha, which has an asset size of Dh11.4 billion, has invested in the UAE’s financial and oil and gas services sectors. Last year, Waha diversified its principal investments portfolio by acquiring a significant minority stake for $55m in Channel VAS, a fintech company with an addressable base of over 500 million mobile subscribers.
The company said it has a strong balance sheet which enables it to move ahead with the next phase of expansion.
Killing of Qassem Suleimani
Killing of Qassem Suleimani
UAE SQUAD
Goalkeepers: Ali Khaseif, Fahad Al Dhanhani, Mohammed Al Shamsi, Adel Al Hosani
Defenders: Bandar Al Ahbabi, Shaheen Abdulrahman, Walid Abbas, Mahmoud Khamis, Mohammed Barghash, Khalifa Al Hammadi, Hassan Al Mahrami, Yousef Jaber, Salem Rashid, Mohammed Al Attas, Alhassan Saleh
Midfielders: Ali Salmeen, Abdullah Ramadan, Abdullah Al Naqbi, Majed Hassan, Yahya Nader, Ahmed Barman, Abdullah Hamad, Khalfan Mubarak, Khalil Al Hammadi, Tahnoun Al Zaabi, Harib Abdallah, Mohammed Jumah, Yahya Al Ghassani
Forwards: Fabio De Lima, Caio Canedo, Ali Saleh, Ali Mabkhout, Sebastian Tagliabue, Zayed Al Ameri
A timeline of the Historical Dictionary of the Arabic Language
- 2018: Formal work begins
- November 2021: First 17 volumes launched
- November 2022: Additional 19 volumes released
- October 2023: Another 31 volumes released
- November 2024: All 127 volumes completed
COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A
Killing of Qassem Suleimani
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
SRI LANKA SQUAD
Upul Tharanga (captain), Dinesh Chandimal, Niroshan Dickwella
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Chamara Kapugedara, Thisara Perera, Seekuge Prasanna
Nuwan Pradeep, Suranga Lakmal, Dushmantha Chameera
Vishwa Fernando, Akila Dananjaya, Jeffrey Vandersay
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Killing of Qassem Suleimani
