Waha Capital secures new $400m revolving credit facility

By Gloria Methri

Waha Capital, an Abu Dhabi-listed investment management company, has refinanced its revolving credit facility with the support of four prominent local and regional banks. The new facility is a $400 million revolving credit facility with a 3-year term. It can be increased up to $500 million and have the maturity date extended by up to two years.

The lender group comprises Abu Dhabi Commercial Bank (ADCB), Emirates Islamic Bank (EIB), Commercial Bank of Dubai (CBD), and Gulf International Bank (GIB).

Mohamed Hussain Al Nowais, Managing Director of Waha Capital, said, “Our solid financial health, strong track record, and resilient business performance have enabled us to refinance this facility on enhanced terms, reflecting the strength of our business strategy. The new facility positions Waha Capital to invest in emerging growth opportunities over the coming years, providing us with the flexibility to capitalize on them as they arise swiftly. I would also like to thank our banking partners for their continued support and confidence in our vision.”

Waha Capital is an Abu Dhabi-listed investment management company that leverages its emerging markets expertise, business networks and research capabilities to deliver attractive returns to its funds’ shareholders and investors.

Founded in 1997, it is one of the Emirate’s leading private-sector investment houses, providing a superior platform for investment and growth. The company has a long-established track record of investing in public and private markets, deploying proprietary capital in alignment with third-party investors.

In H1 2024, Waha Capital demonstrated its resilience and growth, achieving AED 205 million in net profit attributable to shareholders, a 21% year-on-year increase. Strong performance in the first half of 2024 across Waha Capital’s business segments, including fee income growth and mark-to-market gains, has positioned the company to leverage future opportunities and enhance shareholder value.