Waha Capital PJSC is an Abu Dhabi-listed investment company — one of the UAE’s established alternative asset managers with portfolios spanning aviation leasing, financial services, healthcare, and direct private equity investments. Originally structured as an aircraft leasing firm, Waha Capital transformed into a diversified investment holding company.
| Full Name | Waha Capital PJSC |
| Listed | Abu Dhabi Securities Exchange (ADX): WAHA |
| Major Shareholder | Abu Dhabi government-linked entities + public shareholders |
| Headquarters | Abu Dhabi, UAE |
| Focus Areas | Aviation leasing, financial services, healthcare, private equity |
| Founded | 1997 — formerly ALAFCO predecessor structure |
Who Owns Waha Capital?
Waha Capital is a publicly listed company on the Abu Dhabi Securities Exchange (ADX). Its major shareholders include Abu Dhabi government-linked entities and prominent Emirati investment groups, alongside public market shareholders. The company is structured as a PJSC, governed by a board of directors elected by shareholders. Waha Capital’s largest disclosed shareholders have historically included stakes from Abu Dhabi-based sovereign and semi-sovereign investment vehicles. The company operates as an investment holding group — deploying capital across aviation leasing (through its AerCap stake), direct lending (Waha Land), and private equity co-investments in healthcare and real assets.
Waha Capital’s Investment Portfolio
Waha Capital’s most significant historical investment was its stake in AerCap Holdings — the world’s largest aircraft leasing company (NYSE: AER). Waha monetised its AerCap exposure over time, generating substantial returns. The company also holds a direct lending platform providing structured credit to UAE and GCC mid-market companies, healthcare assets, and real estate investments. Its asset management arm manages external capital from institutional investors seeking exposure to UAE and GCC private markets.
