Abu Dhabi, 25 March 2018 – Shareholders of Waha Capital PJSC (ADX: WAHA), a leading Abu Dhabi investment company, have approved a cash dividend of 7.5 fils per share, equivalent to 7.5 percent of its paid-up capital, at the company’s annual general meeting (AGM). On 24 March 2019 the company welcomed two new directors, H.E Waleed Mokarrab Al Muhairi and Mr. Nader Al Hammadi. The new Board comprises Waleed Mokarrab Al Muhairi (Chairman) , Ahmed Al Dhaheri (Vice Chairman), Nader Al Hammadi, Rashed Al Ketbi, Mohamed Al Nowais, Rasheed Al Omaira and Carlos Obeid. His Excellency Salem Rashid Al Noaimi, the outgoing Chairman of Waha Capital, commented: “It has been an honour to have helped guide Waha Capital’s sustained growth as CEO for many years and then as Chairman. During this period, Waha Capital has consistently delivered above-market returns on equity by creating value across its diversified portfolio of investments. The company is set on a clear growth path, backed by financial strength and a talented team. I am confident that the new board and senior management of the company will collaborate closely to build further on the company’s successes.” His Excellency Waleed Al Mokarrab Al Muhairi, the incoming Chairman of Waha Capital, commented: “I would like to thank H.E Salem Al Noaimi for his highly valuable contribution to building Waha Capital into a successful diversified investment company over the last 15 years. This is a resilient company, that has remained profitable in the face of tough global market conditions. While global economic and market challenges certainly lie ahead, I am confident that Waha Capital is well positioned to deliver attractive returns through business cycles.” The company reported a net profit of AED 145 million in 2018, with the Private Investments and Asset Management businesses making well-balanced contributions to performance. The cash distribution amounts to AED 137.9 million, taking cumulative cash dividends over the last 13 years to over AED 2.4 billion. Waha Capital continued to build and optimize its Private Investments portfolio in 2018, through two transactions that served to diversify and enhance the liquidity of its assets. The company divested its stake in UAE-based National Petroleum Services (NPS) to National Energy Services Reunited (NESR) in a cash and shares transaction. This freed up additional capital and gave Waha Capital a stake in NASDAQ-listed NESR. Waha Capital also acquired a stake in Petronash, a leading provider of oil field services. The US$ 88 million transaction included an option to increase Waha Capital’s stake in one of the most innovative firms operating in the industry. In the last year, assets under management in Waha Capital’s funds increased by nearly 40 percent to over US $700 million. Against a very difficult backdrop of volatile global securities markets, the company’s flagship emerging markets-focused equities and credit funds continued to deliver positive returns, building on an excellent track record of outperformance.