Abu Dhabi – Mubasher: Waha Capital saw a net gain of AED 40 million from the divestment of its remaining stake in AerCap Holdings NV, a New York-listed firm.
The Emirati investment company has been gradually cutting its stake in the recent years to “reallocate capital in diverse investments to enhance shareholder value”, according to a press release on Wednesday.
The divestment comes in line with Waha Capital’s turnaround strategy which was introduced early this year.
Waha Capital has been a shareholder in AerCap since 2010.
It is worthy to note that Waha Capital invests in various segments, including energy, financial services, healthcare, and infrastructure among others.
