Arab Today, arab today waha posts dh358m profit in first half
Last Updated : GMT 21:08:21
Arab Today, arab today
Arab Today, arab today

Waha posts Dh35.8m profit in first half

Arab Today, arab today

Arab Today, arab today Waha posts Dh35.8m profit in first half

Abu Dhabi - Gulf News

Abu Dhabi-based investment firm Waha Capital reported Dh35.8 million net profit for the first half of 2011 while total income stood at Dh147.8 million. A report yesterday showed that the company\'s net profit for the second quarter of this year stood at Dh6 million compared to Dh5.98 million for the same period of 2010. The total income for the second quarter of 2011 stood at Dh64.3 million compared to Dh96.5 million for the corresponding period last year, according to a statement by the company. The statement added that the assets increased to Dh3.87 billion as at June 30, 2011, posting a two per cent growth during the year from Dh3.8 billion as at December 30, 2010. Marwan Shurrab, vice-president and chief trader at the Gulf Mena Investments, was upbeat about the results when talking to Gulf News yesterday. \"The two per cent rise in the assets for the first six months compared to the same period of 2010 reflects the strong financial position of the company and its diversified investments and joint ventures.\" Benefiting from location He added that the company benefited from its location in Abu Dhabi, which is undergoing a remarkable economic expansion, driven by a far-reaching economic diversification strategy and fuelled by a strong natural resource base. Shurrab pointed out that this has been performed through strategic partnerships and joint ventures which enabled Waha Capital \"to evolve as a world class force in its activities\". The company\'s CEO, Salem Al Nuaimi, said in a statement that Al Waha is gearing towards achieving its vision by executing the offshore and maritime services and other strategic projects. Company sources said that in the second quarter, Waha capital successfully closed a $505 million credit facility with 11 local, regional and international banks.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today waha posts dh358m profit in first half Arab Today, arab today waha posts dh358m profit in first half

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today waha posts dh358m profit in first half Arab Today, arab today waha posts dh358m profit in first half

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday