Waha Capital disposes of AerLift stake

Waha Capital has sold its stake in AerLift Leasing to a newly-established U.S.-based aircraft leasing platform. AerLift Leasing was established in 2010, with Waha Capital owning a 60.7% shareholding. The company owns a portfolio of 11 commercial aircraft operated by a number of international airlines. Goldman Sachs served as advisors to Waha Capital on this deal.

PRESS RELEASE

Waha Capital PJSC, a leading Abu Dhabi-listed investment company, announced today that it has sold its stake in AerLift Leasing to a newly-established U.S.-based aircraft leasing platform.

AerLift Leasing was established in 2010, with Waha Capital owning a 60.7% shareholding. The company owns a portfolio of 11 commercial aircraft operated by a number of international airlines. Goldman Sachs served as advisors to Waha Capital on this deal.

Commenting on the transaction, Salem Rashid Al Noaimi, CEO and Managing Director of Waha Capital said: “The disposal of our stake in Aerlift demonstrates the rapidly accelerating implementation of our strategy to focus on our core assets and become a leading regional investment management company. We have crystallised a good return to our shareholders through this sale, which adds to the capital base we are building to make future investments in areas of strong growth potential.”

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About Waha Capital

Waha Capital is an Abu Dhabi-based publicly listed investment company, whose aim is to deliver attractive and sustainable returns to its shareholders by deploying and managing capital in areas where the company sees opportunity and can add value. Waha Capital is active in Principal Investments, Capital Markets and Industrial Real Estate. The company’s portfolio consists of direct investments across a number of sectors which include aircraft leasing, healthcare, consumer finance, offshore oil & gas services, infrastructure and industrial real estate. Waha Capital operates at the heart of a strong business network in the United Arab Emirates and the broader Middle East region, and enjoys a close affiliation with some of Abu Dhabi’s most prominent investment and financial institutions. Waha Capital’s institutional shareholders include Mubadala Development Company. For more information, please visit www.wahacapital.ae

For further information, please contact:

Dana Chehayeb
Head of Marketing & Corporate Communications
Waha Capital PJSC
Tel: +971 2 667 7343
Direct: +971 2 4039 378
E-mail: Dana.chehayeb@wahacapital.ae
Wajih Halawa
Director
Brunswick Group
Direct: +971 4 44 66 282
Email: whalawa@brunswickgroup.com

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