NBK Capital Partners said to abandon talks to buy Abraaj credit fund

Skyscrapers stand in Dubai. Photographer: Christopher Pike/Bloomberg

NBK Capital Partners, owned by Kuwait’s biggest lender, has walked away from advanced talks to buy a global credit fund previously managed by collapsed Dubai buyout firm Abraaj Capital Ltd, two sources familiar with the matter said.

The move came as U.S. prosecutors last week charged several senior executives of Abraaj with criminal charges, accusing them of taking part in a massive international scheme to defraud investors.

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