Al Masaood Automobiles Launches the New Renault Koleos in Abu Dhabi
For more information, customers can visit Al Masaood Automobiles' showrooms or visit https://abudhabi.renault.ae/ or call 800 300 500.
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Al Bawaba
13 hours ago
- Al Bawaba
Waha Capital Reports Strong First Half Results as Net Profit Attributable to Shareholders Rises to AED 209 Million
Waha Capital PJSC, an Abu Dhabi-listed investment management company (ADX: WAHA), today reported first-half net profit attributable to shareholders of AED 209 million, representing a return on average equity of 10.0%.The strong performance reflects Waha Capital's ability to deliver consistent results across market cycles through its diversified platforms and differentiated investment strategies. The company realised significant value from the sale of real estate assets at Waha Land, drove increased recurring fee income at its wholly owned asset manager Waha Investment, and generated solid returns from the Private Investments Capital reported total income of AED 711 million in the first half, while net profit of AED 209 million was marginally higher than the AED 205 million recorded a year earlier. Net profit for the second quarter stood at AED 128 million, compared to AED 38 million in Q2 2024, while total income for the quarter reached AED 381 million.A major highlight in the second quarter was the successful sale of built logistics and industrial assets at Waha Land to Aldar for AED 530 million, demonstrating Waha Capital's ability to monetise assets at attractive valuations. The transaction unlocked substantial value for Waha Capital's shareholders and paved the way for significant reinvestment and partnerships to accelerate the growth of the company's real estate logistics at the end of June 2025, Waha Capital's total assets under management (AUM) stood at AED 12.6 billion, an increase of 16% from AED 10.9 billion in the same period the previous year, supported by strong inflows of third-party capital into Waha Investment's credit and equity Capital's long-term track record of success was recognized by Forbes Middle East, which named the company among the Top 40 Asset Managers in 2025 for the fourth consecutive the company continued to advance its corporate social responsibility agenda in H1 2025, with initiatives focused on community welfare and food security. Aligned with the UN Sustainable Development Goals, the company partnered with Ma'an to support underprivileged communities in Abu Dhabi and Al Ain through targeted Ramadan and ongoing campaigns, including subsidized meals and essential food support for low-income Investment HighlightsWaha Investment, the wholly owned asset management subsidiary of Waha Capital, recorded H1 2025 net profit of AED 172 million, driven by rising management and performance fees and mark-to-market gains. The business continues to be underpinned by consistent inflows of capital from a wide range of regional and global institutional clients driven by the consistent multi-year outperformance 5 track record of its credit, equity and Islamic income strategies. The funds attracted significant capital in the first six months of 2025, bringing total third-party AUM to USD 2.0 billion, a 25% increase from USD 1.6 billion a year Waha Emerging Markets Credit Fund outperformed its benchmark, the JPMorgan EMBI Global Diversified Index, in the six-month period, bringing its cumulative return since inception to 283.8% versus the benchmark's 71.9% gain. The Waha MENA Equity Fund delivered a cumulative return of 381.2% since inception, significantly outperforming its benchmark, the S&P Pan Arab Composite Index, which gained 88.2% over the same the Waha Islamic Income Fund returned 30.6% since inception, outperforming its reference benchmark, the Dow Jones Sukuk Index, which gained 7.7% over the same Investments HighlightsThe Private Investments business reported net profit of AED 33 million in H1 2025, supported by value realisation from the partial disposal of a stake in one of the portfolio Health, Waha Capital's wholly owned healthcare platform, continued to demonstrate strong momentum, anchored by the Orchid Fertility business. Orchid Fertility, one of Dubai's fastest-growing IVF clinics, reached a new milestone in May with the opening of a larger facility to meet rising demand. Backed by a team of expert medical specialists and a success rate of 71%, significantly above international benchmarks, the clinic exemplifies Waha Capital's focus on high-growth, high- impact sectors such as maternal and specialised outpatient care, and its commitment to advancing the UAE's world-class healthcare of 30 June 2025, assets under management within the Private Investments division stood at AED 649 million, comprising a diversified portfolio across core, global opportunities, and mature assets in strategic Land HighlightsWaha Land generated net profit of AED 86 million in the first half of the year. A key driver of this performance was the successful sale of Stages 1 and 2A to Aldar. The transaction, which included 182,500 sqm of high-quality, income-generating industrial assets with long-term tenants, marks a strategic milestone for Waha Capital following over a decade of investment into transforming a greenfield site granted by the Abu Dhabi Government into a flagship logistics and industrial hub. In addition to the divestment, Waha Land made strong progress at Stage 2B of the development, which comprises 75,600 sqm of high-specification industrial units and is now 100% leased. Waha Land will continue to enhance the ALMARKAZ platform by focusing on the development and leasing of the remaining landbank and strategic partnerships that support further value creation - including via the potential future collaboration with Aldar.
Al Bawaba
a day ago
- Al Bawaba
Al Masaood Automobiles Nissan Offers Summer-Ready AC Service to Keep Drivers Cool and Confident
As temperatures soar and summer peaks across the UAE, Al Masaood Automobiles, the authorised distributor of Nissan in Abu Dhabi, Al Ain, and Al Dhafra region, is helping customers beat the heat. Its newly launched Summer AC Service Campaign offers a complimentary air conditioning system inspection carried out by Nissan-certified technicians, along with up to 35% off genuine AC parts and up to 20% off labour charges on AC-related repairs. Available for a limited time, the campaign is designed to ensure Nissan vehicles remain safe, comfortable, and road-ready throughout the hottest months of the year. These services are now available across all Al Masaood Automobiles Nissan service centres. By combining expert care with genuine Nissan parts, the campaign delivers both immediate comfort and long-term peace of mind, reinforcing Al Masaood Automobiles' commitment to customer satisfaction and quality service. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Al Bawaba
3 days ago
- Al Bawaba
Four Seasons and ALAIN Announce New Standalone Beachfront Private Residences in Abu Dhabi
Four Seasons, the world's leading luxury hospitality and branded residential company, and ALAIN, a leading Abu Dhabi-based asset management company, announce a new standalone beachfront residential offering in the UAE, Four Seasons Private Residences Abu Dhabi at Saadiyat Beach, set to welcome homeowners in as an exclusive, gated beachfront community, Four Seasons Private Residences Abu Dhabi at Saadiyat Beach will offer a collection of ultra-luxury villas, beach mansions, a variety of suites, and penthouses. As one of the limited opportunities to own a home on Saadiyat Island's pristine shores, the development will cater to a discerning few seeking privacy, elegance, and timeless living.'Building on the excitement and demand for Four Seasons residences in the region, this exceptional project presents a distinct coastal living experience, while perfectly complementing our urban offerings in the UAE,' says Bart Carnahan, Global Business Development, Portfolio Management and Residential, Four Seasons. 'We are pleased to partner with ALAIN to introduce Four Seasons living in such a coveted beachfront community, while expanding our exclusive collection of standalone residences.'Known for its white sand beaches, cultural district, and luxury offerings, Saadiyat Island is ideally located a short drive from the centre of Abu Dhabi, combining the best of beachfront living with convenient access to art, music, entertainment, and more."Our partnership with Four Seasons reflects our commitment to creating world-class developments that enrich Abu Dhabi's position as a leading destination for exceptional residential experiences. As a city that proudly stands on the global stage, we seek partners who share our drive for excellence and our ambition to enrich every aspect of life here. Four Seasons Private Residences Abu Dhabi at Saadiyat Beach blends the island's pristine shores, cultural richness, and natural beauty to offer an exclusive, service-rich lifestyle designed for those who value privacy, elegance, and timeless living. At ALAIN, we are proud to support developments that elevate Abu Dhabi's premier residential landscape and reinforce its global appeal,' said Khaled Haji Al-Khoori, Managing Director of launch of Four Seasons Private Residences Abu Dhabi at Saadiyat Beach will introduce a dynamic mix of living options, each providing a unique blend of luxury and lifestyle comprising of 56 luxury villas including limited beach mansions and 60 suites including penthouse and royal residences. The design for each has been inspired by beauty of the surrounding environment – seamlessly blending the architecture, interiors and will exclusively and privately enjoy access to amenities including direct beach access, resident's lounge, pools, tennis and padel courts, spa and fitness facilities including a yoga and meditation studio, children's play areas, cinema, golf simulator and more. Outside of the residences, local attractions are a short drive away, including the Saadiyat Beach Golf Course, Zayed National Museum, Guggenheim and Louvre Abu Dhabi, international airports, and more. In addition to the thoughtfully designed amenities, residents will enjoy a service-rich lifestyle marked by Four Seasons legendary care. Led by a Residences General Manager, a Four Seasons residential team will be dedicated to caring for residents and their most important assets, their home. From concierge, housekeeping, culinary and wellness services to ongoing property management, Four Seasons teams become an extension of the home to deliver a seamless lifestyle experience.
