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Waha plans to distribute cash dividend of 5%
ABU DHABI - The annual general meeting of Waha Capital, the diversified investment firm based in Abu Dhabi, approved on Sunday a recommendation by the company’s board of directors to pay its shareholders a cash dividend of five per cent. The dividend represents a yield of approximately seven per cent on the closing share price on April 12.
The shareholders in attendance at the AGM also elected a new board of directors chaired by Hussain Jassim Al Nowais. The new board directors of the company are Salem Rashid Al Noaimi and Ahmed bin Ali Al Dhaheri. Abubaker Seddiq Al Khoori was elected as vice-chairman.
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