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24-Mar-2016

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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