Abu Dhabi – Mubasher: Waha Capital’s board has recommended a cash dividend of AED 0.15 per share, which makes up 15% of the company’s capital, according to a statement released on Monday.

 Abu Dhabi's investment company reported a 4.6% year-on-year increase in net profits during the full year 2017, registering AED 425.9 million.  

“In 2017, the company continued to build its asset management business, further diversified its principal investments portfolio with an investment in the fintech sector, and made two divestments that crystalised strong returns,” Waha Capital’s chairman Hussain Jasim Al Nowais commented.

Waha Capital will carry on with its expansion plans, including the acquisition of a stake in fintech firm Channel VAS, divesting a healthcare diagnostics company, and selling Waha Capital’s stake in National Petroleum Services to National Energy Services Reunited (NESR), the firm revealed in a statement.  

The Abu Dhabi-listed company’s ordinary general meeting (OGM) is set to discuss the recommended dividends on 25 March.