Abu Dhabi - Mubasher: Abu Dhabi-based investment firm Waha Capital announced on Sunday that its Board of Directors has proposed a cash dividend of AED 0.25 per share to be paid to shareholders, recording a 100% increase compared to dividends paid in 2013.

Earlier today, Waha reported a preliminary net profit of AED 1.73 billion for 2014, marking a massive 466% year-on-year leap from AED 306.4 million in 2013, and recording the highest earnings in the company’s history. It’s net profit for Q4-14 reached AED 142.1 million against AED 75.6 million in Q4-13, recording a significant increase of 88%. 

Waha’s capital amounts to AED 1.944 billion divided on 1.944 billion shares at par value AED 1 per share.