UAE's Waha may sell AED 1 billion mandatory convertibles or sukuk

By Susanna Moon

Chicago, Feb. 23 - Waha Capital PJSC said its board of directors approved issuing 1 billion United Arab Emirates dirhams of mandatory convertible bonds or sukuk at its meeting on Tuesday.

The company will hold a meeting on March 21 to seek shareholder approval for the issue.

Waha Capital, formerly Oasis International Leasing Co. PJSC, is an Abu Dhabi, United Arab Emirates-based public joint stock company engaged, together with its subsidiaries, in the ownership, sale, lease and investment in all types of fixed and movable assets worldwide.

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