UPDATE 1-Waha Capital Q1 net drops 11 pct, eyes convertible sale

weigh * To issue 500 mln dirhams in convertible notes by June (Adds details, background) By Shaheen Pasha DUBAI, April 25 (Reuters) - Waha Capital WAHA.AD posted a 10.9 percent drop in first-quarter profit as a restructuring of its leasing business and a...