Waha Capital rules out stake sale in Dunia Finance for now
Waha Capital has no current plans to sell a stake in consumer finance firm Dunia Finance, Waha's chairman told Reuters on Wednesday. Waha holds 25% of Dunia , whose other shareholders include Abu Dhabi state investment firm Mubadala and Fullerton Financial Holdings, a wholly-owned subsidiary of Singapore sovereign fund Temasek Holdings. The shareholders had begun a strategic review of Dunia , including a potential stake sale. "Nobody will sell for sure ... stakeholders are in the same line of thinking," Hussain al-Nowais said on the sidelines of the firm's annual general meeting. "When the size of the company is right, we plan to list it," he said. (Reuters)
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