Waha Capital reports H1 2026 net profit of AED 338 million, up 62% year on year

Waha Capital PJSC (ADX: WAHA), an Abu Dhabi-listed investment management company, today announced net profit of AED 338 million for the first six months of 2026, driven by strong performance across its diversified investment platform.

For the six months ended 30 June 2026, Waha Capital generated net profit of AED 338 million, an increase of 62% year-on-year, and total income of AED 479 million. Total assets under management (AUM) stood at AED 13.9 billion as at 30 June 2026, while third-party assets under management increased to approximately AED 8.5 billion, following net inflows of over US$300 million during the period.

Waha Capital maintained a strong financial position, supported by a healthy cash balance and substantial available liquidity through its revolving credit facility. This financial strength provides the flexibility to invest across its three business pillars, pursue attractive investment opportunities, and support the continued growth of its platforms.

Across its businesses, Waha Capital continued to advance its growth strategy. Waha Investments built on its fundraising momentum, expanding its third-party capital base, growing recurring fee income and strengthening its investment capabilities. Private Investments continued to deploy capital into high-conviction opportunities, with specialised healthcare remaining a strategic area of focus. Waha Land progressed the next phase of its industrial and logistics platform, laying the foundations for future recurring income growth.

For the fifth consecutive year, Waha Capital was included in Forbes Middle East’s Top 50 Asset Managers list, reflecting the strength of its investment capabilities and continued growth as an asset manager.

During the first half of 2026, Waha Capital also continued its partnership with the Authority of Social Contribution (Ma’an), supporting initiatives across Abu Dhabi and contributing to positive social impact within the community.

Waha Investments Highlights

Waha Investments, Waha Capital’s wholly owned asset management subsidiary, reported net profit of AED 302 million for the first half of 2026, an increase of 76% year on year. Total income was AED 357 million, including fee income of AED 153 million, which increased by approximately 38% year on year.

Investor demand remained strong, with Waha Investments attracting over US$300 million in third-party capital during the first half, increasing third-party assets under management to US$2.3 billion. This growth reflects continued institutional confidence in Waha Investments’ long-term investment track record and active investment approach.

Across its flagship investment strategies, Waha Investments has delivered robust long-term performance. Since inception, the Waha Emerging Markets Credit Fund and Waha MENA Equity Fund have delivered cumulative returns of 330.4% and 439.1% respectively, while the Waha Islamic Income Fund has generated a cumulative return of 40.5%, reflecting the strength of Waha Investments’ differentiated investment strategies across market cycles.

As part of its long-term growth strategy, Waha Investments continued to strengthen its portfolio-management and business-development capabilities. This approach is intended to support further growth in third-party assets under management and reinforce the business’s position as an active asset manager in regional and international markets.

Private Investments Highlights

The Private Investments business reported net profit of AED 114 million and total income of AED 119 million for the first half of 2026. Performance was supported by value realisation across selected investments and fair-value gains within the portfolio. 

The business continued to create value through its diversified portfolio across sectors and geographies, while selectively deploying capital into high-conviction opportunities.

Healthcare remained a strategic area of focus through Waha Health, the Company’s wholly owned healthcare platform. Waha Health continued to expand its presence across specialised healthcare segments supported by structural demand and attractive long-term growth opportunities.

The team remains focused on identifying scalable businesses and platforms while continuing to pursue opportunities that can generate long-term value through active ownership and a diversified investment approach.

Waha Land Highlights

Waha Land continued to execute the next phase of its growth strategy during the first half of 2026, with approximately 225,000 sqm of additional industrial and logistics assets under development. The projects represent a capital investment of more than AED 500 million and will significantly expand Waha Land’s leasable portfolio, supporting future recurring income and long-term growth.

Alongside its expansion programme, Waha Land continued to progress build-to-suit opportunities, supporting its strategy of developing purpose-built assets for long-term tenants and enhancing the quality of its portfolio.

The existing portfolio continues to benefit from high occupancy levels and predominantly long-term lease agreements, providing a stable recurring income base while supporting ongoing investment across the platform.

As Waha Land enters its next phase of growth, the business remains focused on expanding its industrial and logistics platform to meet growing demand for institutional-grade assets across Abu Dhabi.