The fund is looking at sectors including hi-tech industries, artificial intelligence, health care, real estate, as well as traditional private equity.
For years, Abraaj's main revenues didn’t cover operating costs. It borrowed to fill the gaps and now owes creditors over $1 billion.
Abu Dhabi Capital Management told Abraaj’s liquidators it would pay $30 million to buy the rights to manage Abraaj’s funds and $25 million to cove
In an internal note to employees, Arif Naqvi said he had no knowledge of intentional wrongdoing at the buyout firm.
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 Inst
Abraaj still owes $94.6 million to its Private Equity Fund IV, but all money has been accounted for and there appears no evidence of embezzlement or m
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
Adnoc is considering joining Saudi Aramco in a potential investment in the Ratnagiri refinery project in India.
Abraaj is considering the sale of the stake to raise cash amid heightened regulatory scrutiny and the departure of key executives.
IPOs & Markets
At least half a dozen exchanges including those in New York, London, Hong Kong, Tokyo and Toronto are vying for a slice of the IPO.
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