Abraaj said to mull stake sale in fund unit to raise cash

Abraaj said to mull stake sale in fund unit to raise cash

Abraaj founder Arif Naqvi. Photographer: Vivek Prakash/Bloomberg

Abraaj Group, the Middle East buyout firm roiled by allegations of misused funds, is considering the sale of a stake in its fund management business to raise cash amid heightened regulatory scrutiny and the departure of key executives, according to people with knowledge of the matter.

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