Waha Capital Gains to 3-Month High in Abu Dhabi as Net Rises 15%

Waha Capital PJSC, the Abu Dhabi- based leasing company, rose to the highest intraday level in almost three months after full-year profit rose 15 percent.

The shares gained 3.8 percent to 83 fils, the highest since Nov. 1, at 10:40 a.m. in Abu Dhabi, giving the company a market value of 1.44 billion dirhams ($392 million)

Net income rose to 249 million dirhams from 217 million dirhams in the year-earlier period.

To contact the reporter on this story: Zahra Hankir in Dubai at zhankir@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net.

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