Waha Capital obtains $505m loan - Emirates24|7

Waha Capital obtains $505m loan

Waha Capital, the Abu Dhabi-based diversified investment holding company listed on the Abu Dhabi Securities Exchange, has obtained $505 million (Dh1.85 billion) revolving credit facility from 11 local, regional and international banks.

The 3-year facility was arranged by the company itself.

The banks that participated in the facility included First Gulf Bank, Emirates NBD Bank, HSBC Bank Middle East, Union National Bank, Gulf International Bank, Abu Dhabi Commercial Bank, Maybank International, Deutsche Bank, London Branch, Nomura International, Societe Generale, London Branch and JP Morgan.

Salem Rashid Al Noaimi, CEO of Waha Capital, said: "We are currently actively looking to deploy this capital in existing and new investments.”

Waha Capital PJSC is an Abu Dhabi-based and Abu Dhabi Securities Exhange (ADX)-listed, diversified, investments holding company, which was created by restructuring Oasis International Leasing Company PJSC in February 2008.

Waha Capital has adopted a clear vision and strategy to drive multi-sector business growth and diversification through acquisitions, joint ventures and creation of new business. Its current business portfolio includes big-ticket leasing, financial services, maritime and property development. Waha Capital's main institutional shareholders are Mubadala Development Company and Abu Dhabi Investment Company.

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