Oasis Leasing increases net profit by 240 per cent

HE Hussain Al Nowais, Chairman of the Board of Directors said Oasis has taken a new direction and is now seeing phenomenal growth in all key sectors.

"We set out to increase shareholder value and these results confirm our success. Oasis is focused on enhancing our performance through innovative financial structures and accessing new sources of funding. The company is now positioned as a key financial player in Abu Dhabi and the region," Al Nowais said.

"Oasis will continue its focus of diversifying its investment portfolio in new opportunities and sectors while capitalizing on all aspects of the strong commercial aircraft sector".

The company's Operating Assets increased by 81% to AED 3,437 Million, compared to AED 1,899 Million in 2005. Commenting on the results, Gordon Dixon, CEO said "At the beginning of the year we promised to grow the business. This objective has been met and whilst there is much more to be done we are very optimistic on the prospects for the company in 2007."

Oasis also increased its involvement in the infrastructure sector with a further transaction with Tabreed and broke new ground with its entry into the MENA Infrastructure Fund as a General Partner with HSBC and Dubai International Capital. The company is firmly moving forward on its objective to maximize its involvement in the growth of Abu Dhabi and of the region.