Waha Capital announces $500 million credit facility

The new credit facility will replace the older $375m facility secured in 2014.

Waha Capital has announced a new five-year US$500 million revolving credit facility, replacing a $375m facility secured in 2014.

The Abu Dhabi-listed investment firm said the new facility, coordinated by First Gulf Bank, achieved “a significant oversubscription”, giving no further details.

Waha, 14.31 per cent owned by Abu Dhabi government-­owned investment firm Muba­dala Development, this month reported a 22 per cent decrease in net profits for the second quarter.

The firm’s investments include stakes in UAE consumer finance company Dunia Group and New York-listed aircraft leasing company AerCap.

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