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The Abraaj Group | 75,186 followers on LinkedIn. We are a global institution investing in growth markets across Africa, Asia, Latin America, the Middle East and Turkey.
The Abraaj Group was a private equity firm operating in six continents that is currently in liquidation due to accusations of fraud. [1] The firm was founded by Pakistani businessman Arif Naqvi and was based in Dubai, United Arab Emirates .
Sep 9, 2018 · It was a deal that should have provided Abraaj Group with one of its biggest ever paydays. Instead the failure to sell a majority stake in Pakistan’s K-Electric to a Chinese group has all but...
Jan 27, 2022 · Dubai’s financial regulator has provisionally fined Arif Naqvi, the founder of failed private equity firm Abraaj, $135.6m for misleading investors about the use of their funds.
Jun 26, 2019 · Dubai-based Abraaj, which until recently dominated the emerging markets private equity sector, was accused of using the fund to support the business of its founder, Arif Naqvi. The money mostly...
Mar 4, 2022 · Roughly four years after the collapse of the private equity firm, Abraaj Group, Dubai’s financial regulator has provisionally fined its founder, Arif Naqvi, $135.6m for misleading investors about the use of their funds.
Jan 3, 2023 · DUBAI, Jan 3 (Reuters) - Dubai’s financial regulator said on Tuesday it upheld a $135.6 million fine on collapsed private equity firm Abraaj Group's founder and former CEO Arif Naqvi "for his...
Jan 27, 2022 · A regulatory body in Dubai said Thursday, Jan. 27, 2022, it is fining the Pakistani-born founder of Abraaj Group, the now defunct Mideast private equity firm accused of fraud, a staggering penalty of $135.5 million.
Mar 8, 2023 · The founder of collapsed private equity company Abraaj Group on Wednesday lost a bid to challenge his extradition from London to the United States to face fraud charges.
Aug 8, 2019 · The startling collapse of Abraaj Group, the once-mighty Middle Eastern private equity firm, continues to reverberate. Regulators in Dubai, where the dealmaker is based, have imposed a record fine, and Abraaj founder Arif Naqvi and a clutch of senior executives face legal charges in the US.
