Abu Dhabi – Mubasher: Waha Capital seeks to diversify investments in some key sectors outside the UAE, chairman Hussain Al Nowais said in a press release.
The company has the required experience and financial capacity to enter the Saudi market, Al Nowais said during the shareholders’ annual general meeting (AGM) on Wednesday.
The shareholders approved on Wednesday 20% cash dividends, equivalent to 20 fils per share, totalling AED 389 million ($105.9 million) for fiscal year 2016.
The company managed to cope with the market fluctuations and effectively manage risks, contributing to the “strong financial results” achieved in 2016, he said.
