No. 22



BAeTo Acquire 15% Stake In New Abu Dhabi Leasing Company

British Aerospace (BAe) has agreed to take a stake of up to 15% in a newleasing company which was set up on 25 May by a decree issued by Abu Dhabi's Crown Prince, ShaikhKhalifah bin Zayid Al Nuhayyan. The al-Waha International Leasing Company is capitalized at Dh500mn($136mn) divided into 50mn shares with a nominal value of Dh10 ($2.7) each. The founders,which include the UAE Offset Group and the Abu Dhabi...