Mubasher: Waha Capital posted a 30.6% decline year-on-year in its net profits during the third quarter of 2016, according to a statement.
Net profits reached AED 81.8 million in the third quarter of 2016.
The company generated AED 388 million in the first nine months of 2016, down 17% decline year-on-year.
Waha’s capital markets division produced a strong increase in income, with its credit and equities funds continuing to outperform. However, this was offset by lower income from some assets in the principal Investments division.
Total income generated by the capital markets division rose 33.3% year-on-year to AED 223.4 million in the first nine months of 2016.
