Search Results for:Dinesh Nair
The Dubai-based investment firm plans to file before June 29 when a court hearing of a petition to liquidate Abraaj Holdings by Kuwait’s Public Institution for Social Security is scheduled.
Rahman will help manage relations with the Vision Fund’s two key backers – Saudi Arabia’s Public Investment Fund and Abu Dhabi wealth fund Mubadala.
Cerberus Capital Management is said to be still in discussions with Abraaj for buying a stake in its fund management unit and is carrying out its own due diligence.
Taxify secured $175 million from a group of investors led by Germany’s Daimler AG.
Any potential findings of deficiencies in the Abraaj audits could intensify KPMG’s woes as it already faces heightened scrutiny following its links to South Africa’s controversial Gupta family, as well as potential missteps in its work for Miller Energy Resources and Carillion.
Careem plans to raise the money as a precursor to a possible initial public offering and the fund-raising round could value the company at as much as $1.5 billion.
Preliminary findings from a separate review by Deloitte — at Dubai-based Abraaj’s request — threw up potential discrepancies in accounting at some of the other funds.
China’s biggest renewable-energy developer already is the largest shareholder of EDP with a 23 percent stake and now is seeking more than 50 percent.
Abraaj is considering the sale of the stake to raise cash amid heightened regulatory scrutiny and the departure of key executives.
Takeda has been ramping up its takeover ambitions under Chief Executive Officer Christophe Weber, seeking growth overseas amid patent expirations.