Finance & Capital Market

Waha Capital exits AerCap with $10.8m stake sale

Waha Capital, a leading Abu Dhabi-based investment company, has recorded a net gain of Dh40 million ($10.88 million) through the divestment of its remaining stake in New York-listed AerCap Holdings NV.

Waha Capital, which has been a shareholder in AerCap since 2010, has been reducing its stake gradually in recent years to reallocate capital in diverse investments to enhance shareholder value.

This divestment is line with the turnaround strategy rolled out early this year.

Waha Capital invests in energy, financial services, healthcare, infrastructure and other high-potential sectors through its private investments business. The company’s asset management business offers credit and equity funds to third-party investors. – TradeArabia News Service