Waha Capital said its Anglo Arabian Healthcare unit has sold its stake in Proficiency Healthcare Diagnostics to Al Borg Medical Laboratories, the biggest private diagnostic facility in the Arabian Gulf.
The Abu Dhabi-based investment company said the sale is expected to close in three months when regulatory and third-party approvals are sealed. The sale price was not disclosed.
Anglo Arabian Healthcare bought a 70 per cent stake in Proficiency Healthcare Diagnostics for an undisclosed sum in April 2013 and over the years increased its holding to 93 per cent.
Since buying the stake in the diagnostic company, it has transformed it in to the leading laboratory in the UAE.
Anglo Arabian Healthcare has 35 healthcare facilities in Abu Dhabi, Dubai, Sharjah, Ajman and Ras Al Khaimah.
Waha Capital an Abu Dhabi-listed diversified investment company, in May said its net profit in the first quarter dropped by 50 per cent year-on-year following a revaluation of its investment in the airplane leasing company AerCap.
Net profit for the period declined to Dh87.6 million, compared with Dh175.8m. Waha Capital said the drop was mostly because of an adjustment of Dh58.8m against the share of income from AerCap following a conservative reassessment of the recoverable amount on the company’s stake in the aircraft leasing group.
Waha Capital’s asset-management division, which accounts for two thirds of its total income, had Dh1.6 billion of assets under management at the end of March.
Waha Capital said it had provided significant seed money for its funds, which it has been marketing to third-party investors for the past two years.
The Waha Middle East and North Africa Equity Fund had a total return of 4.9 per cent during the first quarter, following an 18 per cent gain in 2016.
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JAPANESE GRAND PRIX INFO
Schedule (All times UAE)
First practice: Friday, 5-6.30am
Second practice: Friday, 9-10.30am
Third practice: Saturday, 7-8am
Qualifying: Saturday, 10-11am
Race: Sunday, 9am-midday
Race venue: Suzuka International Racing Course
Circuit Length: 5.807km
Number of Laps: 53
Watch live: beIN Sports HD
The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
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Visit Abu Dhabi culinary team's top Emirati restaurants in Abu Dhabi
Yadoo’s House Restaurant & Cafe
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Born: Mukalla, Yemen, 1979
Education: UAE University, Al Ain
Family: Married with two daughters: Asayel, 7, and Sara, 6
Favourite piece of music: Horse Dance by Naseer Shamma
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The Baha'i faith was made known in Yemen in the 19th century, first introduced by an Iranian man named Ali Muhammad Al Shirazi, considered the Herald of the Baha'i faith in 1844.
The Baha'i faith has had a growing number of followers in recent years despite persecution in Yemen and Iran.
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"The 24 defendants represented by the House of Justice, which has intelligence outfits from the uS and the UK working to carry out an espionage scheme in Yemen under the guise of religion.. aimed to impant and found the Bahai sect on Yemeni soil by bringing foreign Bahais from abroad and homing them in Yemen," the charge sheet said.
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