Annual Report 2022 Driving Value Through Resilience
For the year ended 31 December 2022
Table of Contents
About Waha Capital
4
Financial Highlights
6
Operating Highlights
8
Chairman's Statement
10
COO's Statement
12
Public Markets
14
Capital Growth
15
Waha CEEMEA Credit Fund
17
Waha MENA Equity Fund
17
Waha Islamic Income Fund
17
Interview with Mohamed El Jamal, Chief Investment Officer for Public Markets
18
Private Investments
20
Overview of the business
21
Interview with Hashem Dabbas, Chief Investment Officer for Private Investments
22
Waha Land
24
Overview of the Business
25
Interview with Hazem Al Nowais, CEO of Waha Land
26
Our Company
28
Our People
30
Environment, Sustainability and Governance (ESG)
31
Risk Management
32
Corporate Governance
33
Board of Directors
34
Executive Management
37
Financial Statements
42
Chairman's Report
43
Independent Auditor's Report
44
Consolidated Statement of Financial Position
47
Consolidated Statement of Profit or Loss
48
Consolidated Statement of Profit or Loss and Other Comprehensive Income
49
Consolidated Statement of Changes in Equity
50
Consolidated Statement of Cash Flows
52
Notes to the Consolidated Financial Statements
54
Company Information
100
About
Waha Capital
Waha Capital is an Abu Dhabi-listed investment management company that leverages its emerging markets expertise, business networks and research capabilities to deliver attractive returns to shareholders and investors in its funds.
Founded in 1997, Waha Capital is one of the Emirate's leading private sector investment houses, providing a world- class platform for investment and growth. The Company has a long-established track record of investing in public and private markets, deploying proprietary capital in alignment with the interests of its third-party investors.
The Public Markets business offers sophisticated investors actively managed emerging markets credit and equities funds, via a disciplined approach to investment and implementing distinctive strategies to deliver consistent market-leading returns.
The Private Investments business pursues a multi-asset investment approach, with the flexibility to deploy capital across diverse sectors and geographies. The business leverages extensive international business networks to source deals and form co-investment partnerships.
Counting Mubadala Investment Company as an anchor shareholder, Waha Capital is at the forefront of Abu Dhabi's increasingly dynamic and entrepreneurial ecosystem, creating long-term value for shareholders, fund investors, employees, and communities.
Annual Report 2022
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Annual Report 2022
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Al Waha Capital PJSC published this content on 20 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 March 2023 14:56:05 UTC.
Al Waha Capital PJSC is a United Arab Emirates-based entity which is primarily engaged as investment management company. The Company has four segments which includes Private Investments segment holds all of the groupâs investments in diversified industries including financial services, infrastructure, oil and gas, fintech and healthcare. Public Markets segment represents a platform to provide investors access to opportunities in equities and other asset management services. Waha Land segment represents the Groupâs interest in industrial real estate. Corporate segment comprises the Groupâs activities, which are not allocated to reportable segments.
AL WAHA CAPITAL 
