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Waha Capital PJSC, an Abu Dhabi-listed investment management company, has refinanced its revolving credit facility with the support of four local and regional banks. The new facility is valued at US$400 million with a 3-year term, and it can be increased to US$500 million with the maturity date extendable by up to two years. The refinancing was met with strong interest and improved terms, indicative of the lenders' confidence in Waha Capital. The banks involved are Abu Dhabi Commercial Bank, Emirates Islamic Bank, Commercial Bank of Dubai, and Gulf International Bank. Waha Capital's Managing Director, Mohamed Hussain Al Nowais, highlighted the company's solid financial health and strong business performance as key factors in securing the enhanced terms. In the first half of 2024, Waha Capital achieved AED 205 million in net profit attributable to shareholders, a 21% increase year-on-year, driven by strong performance across its business segments.