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How off-balance-sheet financing is masking the true cost of the AI boom
Big Tech has pushed over USD 120 bn of AI data-center debt off its balance sheets via SPVs
IHC, Deyaar, Alpha Data, and Waha post 3Q earnings
IHC’s net income was up 53% y-o-y in 3Q
Waha Capital pockets USD 119 from Optasia exit + Adia divests stake in Ayvens as part of a consortium
The sale came as the company floated a stake on the JSE, raising ZAR 6.5 bn
More earnings roll in…
AD Ports, Empower, Tabreed, and Salik all reported rises in their bottom line
IHC, Dubai Taxi, Agthia, and more report 3Q earnings
During 3Q 2024, Waha Capital completed the refinancing of its revolving credit facility
Waha Capital secures USD 400 mn revolving credit facility
The new facility has a three-year term and can be increased to USD 500 mn
e&, ADNH, Alpha Dhabi, and more report 2Q 2024 earnings
e&’s bottom line after federal royalty increased by 25% y-o-y
Amanat Holdings, Agility, Waha Capital, and more report 1Q 2024 earnings
PLUS: Amanat is mulling an IPO for its education platform
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