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Abu Dhabi's Waha Capital advances on slightly higher third quarter profit
- United Arab Emirates: Monday, November 12 - 2012 at 14:24
The ADX General Index added the most in the GCC Monday, closing 1.32% higher at 2,705.93 points mainly on gains in the financial sector. Shares of leasing, aviation and maritime financing specalist Waha Capital surged 1.75% to reach Dhs0.58. Earlier in the day, Waha said the net profit for the third quarter was Dhs27.5m, up from Dhs26.6m in the same period last year. Since its 2012-peak it reached in April, the Waha Capital share lost 20% in value. The firm said among its key investments New York-listed Aercap Holdings was "well positioned for growth", having arranged debt financing of $210m in the third quarter, bringing total capital raising this year to $860m.
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Gérard Al-Fil, Financial JournalistMonday, November 12 - 2012 at 14:24 UAE local time (GMT+4)
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