Abu Dhabi (Etihad)
Waha Capital’s net profit during the first nine months of this year amounted to 297 million dirhams, compared to 59 million dirhams for the same period in 2020, while the company’s net profit stabilized during the third quarter at 32 million dirhams.
According to a statement yesterday, Waha Capital maintained the efficiency of its operations, which was reflected in the cost-to-income ratio, which amounted to 24.5% during the past twelve months. The Public Markets Unit, which manages investment funds in credit and equity instruments in emerging markets, achieved investment gains and fee income of 429 million dirhams in the first nine months of 2021. The value of assets managed by the Public Markets Unit exceeded one billion dollars, and was ranked by Forbes magazine Middle East” is among the top 30 investment management companies in the region.
In early October, the Waha Capital MENA Equity Fund, one of the company’s most prominent funds, was ranked among the top 50 hedge funds in the world, as it was the only one in the Middle East and North Africa region included in this classification, which was published under ” World Investment Report. The fund achieved a total return of 20.8% in the first nine months of 2021, bringing its cumulative return since its launch in 2014 to 207.3%, equivalent to an annual return of 15.6%. The fund’s total return for the twelve months period (ending September 30, 2021) was 32.4%. The “Oasis Fund for Investment in Credit Instruments in Central and Eastern Europe, the Middle East and Africa” achieved a total return to investors of 7.7% in the first nine months of 2021, bringing its cumulative returns to 175.0% since its launch in 2012, which is equivalent to an annual return of 10.9% . The fund’s total return for the twelve months period (ending September 30, 2021) was 13.1%.
As for the “Oasis Islamic Fixed Income Fund”, which invests in Sharia-compliant assets across the sukuk and equity markets, it achieved a total return of 6.9% in the first nine months of 2021, bringing its cumulative investment returns to 11.5% since its launch.
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