Latest news with #WahaCapital
Mid East Info
4 days ago
- Business
- Mid East Info
Addleshaw Goddard advises Al Waha Land LLC on AED 530 million disposal of AlMarkaz Industrial Park assets to Aldar
Abu Dhabi, United Arab Emirates, August 1, 2025: International law firm Addleshaw Goddard has advised Al Waha Land LLC (Waha Land), a wholly owned subsidiary of Waha Capital, on the recent AED 530 million disposal of integrated logistics assets, with a total net leasable area of 182,500 sqm, at the 6 million sqm AlMarkaz Industrial Park, Al Dhafra, Abu Dhabi . The transaction, which was completed by Aldar on 30 June 2025, marks a significant milestone in the UAE's real estate and logistics sectors. Developed by Waha Land and enjoying special economic zone status, AlMarkaz Industrial Park is located in Abu Dhabi's Al Dhafra region. The property benefits from near-full occupancy and a diverse mix of international, regional, and government-related tenants. With further development potential at AlMarkaz, the transaction presents an opportunity for Aldar and Waha to explore future collaboration at the site. Owen Richards, Partner – Corporate Finance at Addleshaw Goddard, commented: 'We are delighted to have supported Waha Capital on this landmark transaction. The sale of AlMarkaz Industrial Park assets reflects the strength and scalability of the UAE's logistics and industrial sectors, which continue to attract significant investment amid the region's economic diversification efforts. This deal underscores our expertise in advising on high-value, complex transactions in the real estate and logistics sectors across the Middle East.' The transaction highlights the growing importance of the logistics and industrial real estate sector in the Middle East, as regional economies prioritise infrastructure development and supply chain resilience. The UAE has emerged as a hub for logistics innovation, with its strategic location, world-class infrastructure, and business-friendly environment driving demand for high-quality industrial assets. The Addleshaw Goddard team advising on the transaction was led by Owen Richards, supported by Rachael Norris, James Whittam, Ryan Shanley (UAE Corporate), Heather Gibson (Tax), Jeremy Scott, Edward Foster (Real Estate), and Philip Chalmers and Maral Nafar (Banking). This transaction further reinforces Addleshaw Goddard's position as a trusted advisor on high-profile real estate and logistics deals across the MENA region, reflecting the firm's focus on delivering exceptional legal expertise and strategic insights to its clients.
Gulf Business
5 days ago
- Business
- Gulf Business
Addleshaw Goddard advises on Dhs530m AlMarkaz logistics asset sale
Owen Richards, partner – corporate finance at Addleshaw Goddard/Image: Supplied International law firm Addleshaw Goddard has advised Al Waha Land (Waha Land), a wholly owned subsidiary of Waha Capital, on the Dhs530m sale of integrated logistics assets at AlMarkaz Industrial Park in Al Dhafra, Abu Dhabi. The assets, totaling 182,500 sqm of net leasable area within the 6 million sqm industrial park, were acquired by Aldar on 30 June 2025, marking a notable milestone for the UAE's real estate and logistics sectors. Developed by Waha Land and benefiting from special economic zone status, AlMarkaz Industrial Park is near full occupancy with a diverse mix of international, regional, and government-related tenants. The site also offers significant development potential, presenting opportunities for future collaboration between Aldar and Waha. Owen Richards, partner – corporate finance at Addleshaw Goddard, said: 'We are delighted to have supported Waha Capital on this landmark transaction. The sale of AlMarkaz Industrial Park assets reflects the strength and scalability of the UAE's logistics and industrial sectors, which continue to attract significant investment amid the region's economic diversification efforts. This deal underscores our expertise in advising on high-value, complex transactions in the real estate and logistics sectors across the Middle East.' The transaction underscores the strategic importance of logistics and industrial real estate in the Middle East, as governments invest in infrastructure and supply chain resilience. The UAE's position as a logistics hub—driven by its location, world-class facilities, and pro-business policies—continues to fuel investor demand for high-quality industrial assets. The Addleshaw Goddard team was led by Richards, supported by Rachael Norris, James Whittam, Ryan Shanley (UAE Corporate), Heather Gibson (Tax), Jeremy Scott, Edward Foster (Real Estate), and Philip Chalmers and Maral Nafar (Banking). The deal further cements Addleshaw Goddard's standing as a trusted advisor on high-profile real estate and logistics transactions in the MENA region, reflecting its commitment to delivering expert legal and strategic guidance on complex, high-value deals.
Zawya
5 days ago
- Business
- Zawya
Addleshaw Goddard advises Al Waha Land LLC on AED 530mln disposal of AlMarkaz Industrial Park assets to Aldar
Abu Dhabi, United Arab Emirates: International law firm Addleshaw Goddard has advised Al Waha Land LLC (Waha Land), a wholly owned subsidiary of Waha Capital, on the recent AED 530 million disposal of integrated logistics assets, with a total net leasable area of 182,500 sqm, at the 6 million sqm AlMarkaz Industrial Park, Al Dhafra, Abu Dhabi. The transaction, which was completed by Aldar on 30 June 2025, marks a significant milestone in the UAE's real estate and logistics sectors. Developed by Waha Land and enjoying special economic zone status, AlMarkaz Industrial Park is located in Abu Dhabi's Al Dhafra region. The property benefits from near-full occupancy and a diverse mix of international, regional, and government-related tenants. With further development potential at AlMarkaz, the transaction presents an opportunity for Aldar and Waha to explore future collaboration at the site. Owen Richards, Partner – Corporate Finance at Addleshaw Goddard, commented: 'We are delighted to have supported Waha Capital on this landmark transaction. The sale of AlMarkaz Industrial Park assets reflects the strength and scalability of the UAE's logistics and industrial sectors, which continue to attract significant investment amid the region's economic diversification efforts. This deal underscores our expertise in advising on high-value, complex transactions in the real estate and logistics sectors across the Middle East.' The transaction highlights the growing importance of the logistics and industrial real estate sector in the Middle East, as regional economies prioritise infrastructure development and supply chain resilience. The UAE has emerged as a hub for logistics innovation, with its strategic location, world-class infrastructure, and business-friendly environment driving demand for high-quality industrial assets. The Addleshaw Goddard team advising on the transaction was led by Owen Richards, supported by Rachael Norris, James Whittam, Ryan Shanley (UAE Corporate), Heather Gibson (Tax), Jeremy Scott, Edward Foster (Real Estate), and Philip Chalmers and Maral Nafar (Banking). This transaction further reinforces Addleshaw Goddard's position as a trusted advisor on high-profile real estate and logistics deals across the MENA region, reflecting the firm's focus on delivering exceptional legal expertise and strategic insights to its clients. About Addleshaw Goddard Addleshaw Goddard is a global law firm with 2,800+ partners and employees across our 21 offices spanning key commercial centres around the world. Six in the UK – London, Leeds, Manchester, Edinburgh, Glasgow, Aberdeen; eight in Europe – four in Germany and one in Ireland, France, Luxembourg, Poland and Spain; a further five in the GCC – Doha, Dubai, Abu Dhabi, Riyadh and Muscat; and one in Asia – Singapore. We have over 450 Partners and nearly 2,000 lawyers and fee-earners worldwide. In the Middle East we have 27 Partners and close to 100 other fee earners. For more information, please contact: Gambit Communications Suzana Saoud Senior Account Manager +971 56 7155 470 suzana@
Zawya
04-08-2025
- Business
- Zawya
Waha Capital delivers strong financial performance in H1-25; profits leap 36%
Abu Dhabi - Waha Capital registered 36% higher net profits at AED 367.82 million in the first half (H1) of 2025, compared to AED 269.38 million in H1-24. The total income grew by 15% to AED 711.18 million in H1-25 from AED 620.49 million in the same period of 2024, according to the financial results. The basic and diluted earnings per share (EPS) attributable to the equity holders of the parent stood at AED 0.112 as of 30 June 2025, compared to AED 0.111 in H1-24. Results for Q2 In the second quarter (Q2) of 2025, Waha Capital swung to net profits of AED 210.30 million, versus net losses of AED 11.69 million as of 30 June 2024. The total income hit AED 381.31 million in Q2-25, reflecting a 144% year-on-year (YoY) leap from AED 155.74 million. Basic and diluted EPS attributable to the equity holders of the parent jumped to AED 0.069 in April-June 2025 from AED 0.021 in Q2-24. Waleed Al Mokarrab Al Muhairi, Chairman of Waha Capital, stated: 'Waha Capital remains committed to delivering sustainable returns for shareholders while playing a meaningful role in advancing Abu Dhabi's position as a global financial and investment hub.' Echoing this sentiment, Mohamed Hussain Al Nowais, Managing Director of Waha Capital, commented: "Waha Capital generated net profit of AED 209 million in H1-25, one of our most profitable first half performances in recent years." "Waha Land's successful sale of Stages 1 and 2A to Aldar marked another key milestone for the Group. This transaction is the culmination of over a decade of investment and value creation, demonstrating our ability to unlock long-term value and capital to accelerate future development and growth," Al Nowais added. In Q1-25, Waha Capital posted net profits of AED 157.52 million, lower by 44% than AED 281.08 million in Q1-24.
Al Bawaba
01-08-2025
- Business
- 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.
