Oasis and Blenheim launch finance company

28 November 2007
Abu Dhabi’s Oasis International Leasing Company is partnering with the UK’s Blenheim Capital Partners to establish Al-Waha Financial Services.

Oasis will be the majority shareholder in the company, contributing 60 per cent of its initial AED50m ($13.7m) capital. The company will specialise in structured finance once it has obtained regulatory approval.

The investment is part of Oasis’s plans to diversify away from its core business of big-ticket aviation leasing. The company is restructuring and will change its name to Al-Waha Capital. Its shares are listed on the Abu Dhabi Securities Market.

Blenheim is a joint venture of Barclays Capital and Summit Overseas Development.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications