(Adds quotes, details)
DUBAI Feb 4 Abu Dhabi investment firm Waha
Capital posted a 43 percent rise in annual profit on
Tuesday following higher returns on its portfolio.
Waha made a net profit in 2013 of 306.4 million dirhams
($83.42 million), up 214.4 million dirhams in 2012.
"The growth in net profit was driven by increased returns
from Waha Capital's key direct investments, including New
York-listed aircraft leasing company AerCap Holdings and
consumer finance company Dunia Finance, as well as the strong
performance of the company's capital markets division," it said
in a statement.
The firm's total assets grew to 5.2 billion dirhams from 4.4
billion dirhams a year earlier.
Waha is eyeing more investments, chief executive Salem
Rashid Al Noaimi said in the statement.
"Our strategy is to acquire majority stakes in companies
where value can be added through our principal investments
division," he said.
Apart from aircraft leasing and consumer finance, Waha
Capital also has investments in sectors such as marine shipping,
healthcare and property.
($1 = 3.6730 UAE dirhams)
(Reporting by Olzhas Auyezov; editing by Matt Smith)