Arif Sharif

Dubai’s Noor Bank wins right to swap Abraaj debt for fund stakes

Noor Bank will hold the stakes alongside other investors and limited partners.

Blackstone said to mull selling stake in Dubai-based school operator GEMS

Fajr Capital Ltd., Bahrain’s sovereign wealth fund Mumtalakat and the Varkey Group are also considering selling some or all of their holding in the education provider in a deal that could value GEMS at about $4 billion.

Abraaj Fund investors said to hire advisers for debt recovery

The New York-based company will represent Abraaj Private Equity Fund IV’s backers in talks with liquidators as they seek to recover more than $99 million owed by the Dubai-based buyout firm

Singapore: Gateway Partners looks to fully invest $757m PE fund within next year

The company is working on deals in Saudi Arabia, the United Arab Emirates and Egypt.

Dubai’s sovereign wealth fund said to seek $1b refinancing

Investment Corp. of Dubai is talking to banks to raise a five-year loan to partly repay a $2.55 billion facility that matures in June.

Abraaj says unused capital from health fund returned to investors

The Dubai-based buyout fund dismissed media reports that unused money had disappeared as ‘inaccurate and misleading’.

Dubai port operator DP World, India’s Infra Fund plan $3b investment

The companies set up a platform to invest in ports, terminals, transportation and logistics businesses in India.

Saudi sovereign wealth fund said to weigh bank loans for investments

The Public Investment Fund, or PIF, has held talks with local and international banks and could raise about $5 billion this year.

Emaar Properties raises $1.3b in biggest Dubai share sale in 3 years

The Dubai-based developer of the world’s tallest skyscraper sold 800 million shares of Emaar Development PJSC at 6.03 dirhams a share.

Emaar raising as much as $1.5b from UAE development unit IPO

The sale would be the largest since Emaar Malls PJSC’s $1.6 billion offering in 2014.