Waha Capital PJSC Company Profile

Background

Overview

Waha Capital PJSC is an Abu Dhabi-listed investment management company established in 1997. The company offers shareholders and third-party investors exposure to high-potential opportunities across diversified asset classes. Waha Capital manages assets in sectors including aircraft leasing, healthcare, financial services, energy, infrastructure, industrial real estate, and capital markets. The firm leverages its expertise in emerging markets, extensive business networks, and research capabilities to deliver attractive returns to its investors.

Mission and Vision

Waha Capital's mission is to consistently deliver steady and sustainable returns to shareholders and investment partners. This is achieved through a team of experienced investment professionals with in-depth market insights and a broad international network.

Industry Significance

As one of the leading private sector investment houses in the UAE, Waha Capital plays a significant role in the economic diversification plans of the United Arab Emirates. The company's diversified investment approach balances stable returns with value-creating investments, contributing to the growth and development of various sectors within the UAE and the broader Middle East and North Africa (MENA) region.

Key Strategic Focus

Core Objectives

Waha Capital focuses on delivering superior returns to its shareholders and investors by investing in sectors with robust demand fundamentals. The company aims to create long-term value through strategic investments and active portfolio management.

Areas of Specialization

The company's strategic focus includes:

• Aircraft Leasing: Investing in the aviation sector to capitalize on global demand for aircraft leasing services.

• Healthcare: Developing and managing healthcare facilities to meet the growing demand for medical services in the region.

• Financial Services and FinTech: Investing in financial technology firms and financial services to support the digital transformation of the financial sector.

• Energy: Engaging in energy projects to contribute to the region's energy needs and diversification efforts.

• Infrastructure: Developing infrastructure projects to support economic growth and urban development.

• Industrial Real Estate: Investing in industrial real estate to provide facilities that support various industries.

Key Technologies Utilized

Waha Capital employs advanced financial modeling, data analytics, and market research methodologies to inform its investment decisions. The company also leverages technology to enhance operational efficiency and portfolio management.

Primary Markets Targeted

The company's primary markets include the United Arab Emirates, the broader MENA region, and select international markets where it identifies high-growth opportunities.

Financials and Funding

Funding History

Waha Capital has a history of securing significant funding to support its investment activities. In 2022, the company reported a net profit of AED 449 million, reflecting a return on average equity of 10.1%. This performance was driven by strong returns from its public equity and credit funds, as well as gains from monetizing mature assets.

Recent Funding Rounds

In 2022, Waha Capital appointed Al Ramz Capital as a liquidity provider for its shares, aiming to enhance trading volumes and reduce volatility. This strategic move was intended to improve shareholder value and market liquidity.

Notable Investors

Mubadala Investment Company is a key shareholder in Waha Capital, reflecting the company's strong ties with prominent local investors.

Utilization of Capital

The capital raised is utilized across Waha Capital's diversified portfolio, including investments in aircraft leasing, healthcare facilities, financial technology firms, energy projects, infrastructure developments, and industrial real estate. The company focuses on sectors with robust demand fundamentals and aligns its investments with regional economic diversification plans.

Pipeline Development

Key Pipeline Candidates

Waha Capital's pipeline includes:

• Aircraft Leasing: Investments in global aircraft leasing firms to capitalize on the growing demand for air travel.

• Healthcare: Development and management of healthcare facilities to meet regional medical needs.

• Financial Services and FinTech: Investments in emerging market fintech providers to support financial inclusion and digital transformation.

• Energy: Engagement in energy projects to contribute to the region's energy diversification efforts.

• Infrastructure: Development of infrastructure projects to support economic growth and urbanization.

• Industrial Real Estate: Investments in industrial real estate to provide facilities supporting various industries.

Stages of Development

Waha Capital's investments are at various stages, from early-stage development to mature assets. The company actively manages its portfolio to maximize value and ensure alignment with strategic objectives.

Target Conditions

The company targets investments in sectors with strong demand fundamentals and aligns its portfolio with regional economic diversification plans.

Anticipated Milestones

Waha Capital anticipates achieving key milestones in its pipeline, including:

• Completion of Infrastructure Projects: Finalizing development and leasing of industrial and logistics facilities.

• Healthcare Facility Openings: Launching new healthcare centers to expand service offerings.

• Financial Technology Deployments: Implementing fintech solutions to enhance financial inclusion.

• Energy Project Completions: Bringing energy projects online to contribute to regional energy needs.

Technological Platform and Innovation

Proprietary Technologies

Waha Capital utilizes proprietary financial modeling and data analytics tools to inform investment decisions and manage its diversified portfolio effectively.

Significant Scientific Methods

The company employs advanced market research methodologies, including top-down macroeconomic analyses and bottom-up company evaluations, to construct and manage its investment portfolios.

AI-Driven Capabilities

While specific AI-driven capabilities are not detailed, Waha Capital's use of advanced data analytics suggests the integration of sophisticated technologies to enhance investment decision-making processes.

Leadership Team

Key Executives

• Waleed Al Mokarrab Al Muhairi: Chairman of Waha Capital.

• Mohamed Al Nowais: Managing Director of Waha Capital.

• Ahmed Khalifa Al Mehairi: Chief Executive Officer.

Professional Backgrounds and Contributions

• Waleed Al Mokarrab Al Muhairi: As Chairman, Mr. Al Muhairi provides strategic direction and oversight, leveraging his extensive experience in investment management.

• Mohamed Al Nowais: As Managing Director, Mr. Al Nowais oversees the company's operations and strategic initiatives, contributing to its growth and diversification.

• Ahmed Khalifa Al Mehairi: As CEO, Mr. Al Mehairi leads the company's day-to-day operations, focusing on delivering value to shareholders and investors.

Competitor Profile

Market Insights and Dynamics

The investment management sector in the UAE and MENA region is characterized by a growing demand for diversified investment opportunities, driven by economic diversification efforts and infrastructure development. Companies like Waha Capital play a pivotal role in channeling capital into sectors such as healthcare, energy, and infrastructure, contributing to regional economic growth.

Competitor Analysis

Key competitors of Waha Capital include:

• SHUAA Capital: A Dubai-based investment company offering asset management and investment banking services.

• NBK Capital Partners: A Kuwait-based investment firm specializing in private equity and asset management.

• Gulf Capital: An Abu Dhabi-based private equity firm focusing on growth capital investments.

These competitors operate in similar sectors and target markets, contributing to a dynamic and competitive investment landscape in the region.

Strategic Collaborations and Partnerships

Waha Capital has established strategic partnerships to enhance its investment capabilities, including:

• Al Ramz Capital: Appointed as a liquidity provider to enhance share trading volumes and market liquidity.

• Mubadala Investment Company: As a key shareholder, Mubadala provides strategic support and aligns with Waha Capital's investment objectives.

Operational Insights

Strategic Considerations

Waha Capital's diversified investment approach balances stable returns with value-creating investments, positioning the company to capitalize on emerging opportunities across various sectors. The company's focus on sectors with robust demand fundamentals and alignment with regional economic diversification plans enhances its competitive advantage.