Latest news with #MohamedHussainAlNowais
Zawya
21-05-2025
- Business
- Zawya
Orchid Fertility unveils advanced facility in Dubai Healthcare City, redefining fertility care in the Middle East
With cutting-edge tech, compassionate care, and one of the region's highest IVF success rates, Orchid aims to redefine fertility care in the Middle East. Dubai, UAE – Orchid Fertility, one of the region's most trusted names in reproductive health, has moved into a state-of-the-art facility in Dubai Healthcare City, designed to elevate patient experience and outcomes. This move enhances the clinic's capacity and infrastructure, driven by sustained annual growth and rising demand for high-quality, patient-centered fertility services—further cementing Dubai's status as a global hub for specialised healthcare. The facility was inaugurated in the presence of senior dignitaries from the UAE's healthcare sector, including officials from the Dubai Healthcare City Authority, the Managing Director and senior executives of Waha Capital as Orchid's shareholder, and the clinic's leadership team 'Orchid is a key asset within Waha Health, our healthcare investment platform and this milestone reflect the business's strong execution and sustained growth trajectory,' said Mr. Mohamed Hussain Al Nowais, Managing Director at Waha Capital. 'We are proud to support Orchid's continued expansion as it strengthens its market position and delivers long-term value through clinical excellence, innovation and a deeply patient-centric approach.' The newly launched clinic is designed to provide a streamlined, supportive, and deeply personalized fertility journey. It features an advanced IVF lab with cutting-edge embryology and andrology labs, private consultation rooms, recovery suites, and dedicated spaces for emotional and wellness support—recognizing that fertility is as much an emotional experience as it is a medical one. 'At Orchid, our work begins with empathy and is guided by science,' said Dr. Dimitrios Kafetzis, Medical Director and Consultant in Reproductive Endocrinology and Infertility at Orchid Fertility. 'This new facility enables us to deepen that commitment, offering improved outcomes and comfort to patients. Whether someone is taking their first steps in fertility treatment or seeking answers after a long journey, Orchid is where hope finds direction.' Known for its clinical excellence and compassionate approach, Orchid Fertility boasts one of the highest success rates in the UAE—with a 71% pregnancy rate across all age groups, well above industry averages. Its team of leading fertility specialists are highly experienced in treating complex cases, using the latest technology and evidence-based approaches to deliver hope and results to couples who have struggled for years. 'Dubai is a city that thrives on innovation, excellence and inclusivity,' said Dr. Arpan David, CEO of Orchid Fertility. 'It's the perfect place for us to continue our growth journey. Our team, infrastructure, and medical capabilities have evolved to support every patient with personalised, high-quality care.' The clinic's services include fertility preservation, male infertility treatment, genetic testing, embryo freezing, and advanced IVF procedures—all backed by a multidisciplinary team and supported by a compassionate care model. Beyond medicine, Orchid offers holistic support including counseling, mindfulness sessions, and lifestyle coaching to ease the emotional toll of fertility treatment. 'The rising demand for fertility care reflects changing lifestyles, delayed parenthood and greater awareness,' added Dr. Partha Das, Deputy Medical Director, Consultant Reproductive Endocrinology and Infertility. 'Orchid's enhanced capabilities ensure that we're well-positioned to extend care to a broader and more diverse group of patients—especially those who have experienced setbacks or are navigating complex fertility challenges.' With expanded capacity and streamlined scheduling, patients can now access consultations faster than ever before. 'At Orchid, we don't just offer treatment—we offer hope, direction, and unwavering support,' said Dr. Arpan David. 'This new facility is a reflection of our values: advanced, warm, and deeply human.' As demand for fertility services continues to grow across the UAE, Orchid Fertility's expansion marks a bold step forward in shaping the future of reproductive health—where innovation meets empathy, and outcomes change lives. Orchid's growth reflects Waha Capital's broader ambition to scale its healthcare investment platform and invest in businesses with scalable, impact-driven models. Orchid Fertility is accredited by the College of American Pathologists (CAP) and Joint Commission International (JCI) —globally recognized seals of excellence that reflect Orchid's excellence across clinical practices, infrastructure, and operations.
Zawya
19-05-2025
- Business
- Zawya
Waha Capital's net profits plunge 44% in Q1-25
Abu Dhabi: Waha Capital generated AED 157.52 million in the first quarter (Q1) of 2025, lower by 44% than AED 281.08 million in Q1-24. The company generated revenues amounting to AED 329.86 million as of 31 March 2025, down 29% year-on-year (YoY) from AED 464.75 million, according to the financial results. Basic and diluted earnings per share (EPS) declined to AED 0.04 in Q1-25 from AED 0.08 a year earlier. Mohamed Hussain Al Nowais, Managing Director of Waha Capital, stated that the group delivered robust growth in Q1-25, posting net profit of AED 81 million and maintaining a healthy return on average equity of 7.80%. 'Waha Investment and its funds continued to attract strong global institutional interest, with third-party assets under management rising to AED 7.20 billion from AED 6 billion a year earlier,' Hussain added. He concluded: 'This growth drove Waha Capital's total assets under management [AUM] to AED 12.30 billion by the end of Q1-25 – an 11% increase from AED 11.10 billion a year ago - underscoring investor confidence in our track record and approach.' Last year, the net profits attributable to the shareholders of Waha Capital dropped by 13.40% to AED 381.27 million from AED 440.10 million in 2023.
Zawya
19-03-2025
- Business
- Zawya
Waha Capital's shareholders approve 2024 dividend distribution
ABU DHABI - Shareholders of Waha Capital approved a cash dividend of 10 fils per share during the company's Annual General Meeting (AGM) on Tuesday. Shareholders also reinforced Waha Capital's ongoing commitment to supporting communities by authorising the allocation of up to 1% of the company's net profit for corporate social responsibility (CSR) initiatives. The company also introduced a scholarship programme for UAE-based students in finance, mathematics, and economics, offering full financial support and career opportunities. Waha Capital reported a 2024 net profit of AED381 million attributable to shareholders, representing a 10% return on average equity. As of 31 December 2024, the company's total assets under management stood at AED11.9 billion, a 13% increase from AED10.5 billion in 2023. Waleed Al Mokarrab Al Muhairi, Chairman of Waha Capital, commented, 'The approval of a 10 fils per share dividend for 2024 underscores Waha Capital's commitment to delivering consistent value to our shareholders. The company's strong results in 2024 are a testament to its effective investment strategy that adeptly navigated global market volatility. With a rapidly expanding third-party investor base and robust performance across our business pillars, we continue to reaffirm our position as a trusted financial partner in Abu Dhabi and beyond.' Mohamed Hussain Al Nowais, Managing Director of Waha Capital, said, 'Waha Capital delivered strong performance in 2024, driven by a resilient investment strategy and sustained growth across our business verticals. Our progressive dividend policy represents a commitment to delivering consistent shareholder returns by increasing assets under management and increasing sources of recurring revenue. Looking ahead, we will continue to pursue high-growth opportunities, expand our asset management portfolio, and reinforce Waha Capital's position as a gateway to Abu Dhabi's thriving economy.'
Zawya
15-02-2025
- Business
- Zawya
Waha Capital delivers strong FY 2024 net profit of AED 381mln
RELATED TOPICS EARNINGS RELATED COMPANIES Mubadala Invst Waha Land Waha Islamic Inc Waha Investment PrJSC Waha MENA Equity Fund. Al Waha Venture Capital Fund Waha Investment PrJSC FY 2024 Key Highlights Waha Investment recorded net profit of AED 379 million, driven by strong recurring fee income amid significant growth in third-party assets under management. Private Investments business produced a net profit of AED 116 million, bolstered by the realisation of gains on several portfolio assets. Waha Land delivered net profit of AED 46 million as increased leasing continued to yield strong income. On the back of Waha Capital's strong performance, the company's board has recommended a divided of 10 fils per share for 2024, representing a robust 5.7% yield. The recommendation is subject to shareholder Waleed Al Mokarrab Al Muhairi, Chairman: 2024 was a year of development and progress for Waha Capital, marked by strong inflows of third-party capital into Waha Investment's public funds. As a result, third-party assets under management (AUM) increased by 25% to reach AED 6.9 billion, representing 58% of total AUM and contributing to higher fee income. This growth reflects market confidence in the company's track record and the attractiveness of its actively managed funds. During the year, Private Investments benefited from mark-to-market gains on portfolio assets producing net profit of AED 116 million, while Waha Land's net profit reached AED 46 million driven by increased rental income. Both businesses continue to support the company's diversified approach, which balances stable returns with value-creating investments. Looking ahead, Waha Capital will continue to strengthen its resilient, scalable business model to generate recurring revenues while focusing on investments that deliver long-term shareholder value. In addition, the company will continue to prudently manage its balance sheet and look to capture emerging opportunities that offer long-term growth. Mohamed Hussain Al Nowais, Managing Director: Waha Capital generated net profit attributable to shareholders of AED 381 million in 2024, underscoring the strength of our award-winning investment strategies and resilient business model. The company's diversified approach continued to attract strong commitments from international institutional investors, driving total AUM to AED 11.9 billion, a year-on-year increase of 13%. Private Investments remained a key pillar of diversification, delivering solid gains across portfolio assets. The company is now focused on redeploying these returns into high-growth, dynamic sectors. Meanwhile, the UAE's thriving real estate market also contributed to net profit, with Stage 2B of Waha Land's ALMARKAZ project achieving 50% occupancy within its first year. In 2025, Waha Capital will continue its drive to expand third-party capital by providing investors with access to high-growth opportunities across different sectors and markets. With a proven track record across our three business areas, we are confident in our ability to deliver long-term value to investors and shareholders. Abu Dhabi – Waha Capital PJSC, an Abu Dhabi-listed investment management company (ADX: WAHA), achieved FY2024 net profit of AED 381 million, underpinned by increased fee income and gains on portfolio assets. The company delivered total income of AED 1,176 million in 2024, compared to AED 1,222 million in 2023, and net profit attributable to shareholders of AED 381 million, representing a return on average equity of 10.0%. In the fourth quarter, Waha Capital recorded net profit of AED 99 million. As of 31 December 2024, Waha Capital's total AUM stood at AED 11.9 billion, marking a 13% increase from AED 10.5 billion in 2023. This growth was driven by strong inflows from third-party mandates, with total third-party assets reaching AED 6.9 billion by the end of the year, accounting for almost 58% of total AUM, reflecting Waha Capital's ability to attract new capital from global institutional investors. Supported by four regional banks, Waha Capital refinanced its revolving credit facility in 2024. The new 3-year US$ 400 million facility, with enhanced terms, is extendable to US$ 500 million and comes with up to two years of maturity extension. This refinancing strengthens Waha Capital's flexibility, improving its ability to capture growth opportunities while effectively managing its balance sheet. Throughout the year, the company received recognition for its long-term track record of success. At the WealthBriefing MENA Awards, Waha Capital was distinguished for its 'Private Markets Programme and Private Equity Offering', while the Waha EM Credit Fund was named 'Best Emerging Market Long/Short Credit Fund' at the Wealth & Finance Fund Awards. Giving back is at the heart of the company's ethos. Corporate Social Responsibility (CSR) initiatives in 2024 included an AED 1.5 million donation to the Emirates Red Crescent's 'Tarahum for Gaza' and 'UAE Stands with Lebanon' campaigns. As a result of Waha Capital's resilient financial performance in 2024, the company's board has recommended a cash dividend of 10 fils per share. The recommendation remains subject to regulatory and shareholder approvals at the Company's Annual General Meeting. Waha Investment Highlights Waha Capital's public markets business, operated by its wholly owned asset management subsidiary Waha Investment and offering hedge funds with active long-short strategies in emerging markets credit and equities, produced net profit of AED 379 million in 2024. During the year, Waha Investment's total third-party assets under management grew 25% to AED 6.9 billion, up from AED 5.5 billion the previous year, driven by strong inflows from a diverse base of international investors. Waha Investment's funds continue to build on their multi-year track record of success. The Waha Emerging Markets Credit Fund, which employs long-short strategies in emerging markets fixed income, delivered a net return of 18.4% in 2024, almost triple the reference JPMorgan EMBI Global Diversified Index's 6.5% return. Since its inception in 2012, the Waha Emerging Markets Credit Fund has achieved a cumulative return of 260.8%, compared to 62.7% for the reference index. The Waha MENA Equity Fund has produced a cumulative net return of 379.7% since its inception in 2014, significantly outperforming its benchmark, which posted a return of 80.9% in the same period. Meanwhile, the Waha Islamic Income Fund, which focuses on global sukuk and Shari'ah-compliant equities, posted a total return of 6.0% in 2024, compared to a 3.4% increase for its reference, the Dow Jones Sukuk Index. Since its launch in 2020, the Waha Islamic Income Fund has recorded a cumulative return of 27.1%, outperforming the reference index's 3.4% return. Private Investments Highlights The Private Investments business, which pursues a growth-focused multi-asset investment approach with the flexibility to deploy capital across diverse sectors and geographies, recorded net profit of AED 116 million in 2024, compared to a loss of AED 50 million in 2023. This turnaround was driven by mark-to-market gains across several portfolio assets, reflecting the success of Waha Capital's long-term investment strategy. In 2024, the business monetized AED 294 million from mature assets, reinforcing the strength of its strategy and positioning it well for redeploying capital into new opportunities. As of 31 December 2024, Private Investments managed AED 648 million in assets, with the team continuously assessing high-growth opportunities and focusing on unlocking value from mature investments. Waha Land Highlights Waha Land, a wholly-owned subsidiary of Waha Capital that owns and operates ALMARKAZ, a light industrial real estate development in Abu Dhabi, recorded full-year net profit of AED 46 million versus AED 44 million in the previous year. This increase was driven by recurring rental income from Stage 1 & 2 A and new rental income from Stage 2 B. Stages 1 and 2A of ALMARKAZ are nearly at full capacity, with a 98% occupancy rate across 182,500 square meters of versatile industrial and logistics units. Stage 2B of the project was completed in Q1 2024, and due to strong demand, occupancy reached approximately 50% of the completed 76,000 square meters by the end of the year. -Ends- About Waha Capital 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 shareholders and investors in its funds. Founded in 1997, Waha Capital is one of the Emirate's leading private sector investment houses, providing a world-class 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. The Public Markets business (operated by Waha Investment PrJSC, a wholly owned subsidiary) offers sophisticated investors actively managed emerging markets credit and equities funds, via a disciplined approach to investment and implementing distinctive strategies to deliver consistent market-leading returns. The Private Investments business pursues a multi-asset investment approach focused on direct investments, with the flexibility to deploy capital across diverse sectors and geographies. The business leverages extensive international business networks to source deals and form co-investment partnerships. The Waha Land business develops and leases industrial and logistics facilities at ALMARKAZ in Abu Dhabi's Al Dhafra region, strategically leveraging the UAE's expanding industrial infrastructure, to grow its institutional-grade assets and contribute to portfolio diversification and long-term value creation. Counting Mubadala Investment Company as an anchor shareholder, Waha Capital is at the forefront of Abu Dhabi's increasingly dynamic and entrepreneurial ecosystem, creating long-term value for shareholders, fund investors, employees, and communities. Further Information for Media and Investors For further information on Waha Capital and its investment capabilities, please visit For media & investment enquiries, please contact: Ameera Khalid Head of Investor Relations & External Communications Waha Capital E-mail: communications@
