Abu Dhabi – Mubasher: Waha Capital on Monday posted a 38.5% year-on-year growth for the second quarter of 2018, recording AED 132.4 million, from AED 95.6 million.

For the first half of 2018, profits of the leading investment company in Abu Dhabi jumped 31% to AED 239.7 million, from AED 183.1 million in H1-17, according to a statement to the Abu Dhabi Securities Exchange (ADX).

The Group recognised a gain on disposal of AED 92 million and total consideration of AED 312.3 million, comprising cash of AED 130.6 million and a 5.8% equity stake in NESR Corp.

“The company’s leadership team has built a very well balanced and diversified business, and both divisions – Private Investments and Asset Management – have delivered robust growth this year,” Waha Capital’s chairman Salem Rashid Al Noaimi commented.

It is worth noting that the company’s reported a 22.6% year-on-year profit rise for Q1-18, recording AED 107 million.

By the end of Sunday’s session, Waha Capital’s stock retreated 2.17% at AED 1.80.