Abraaj Facing BCCI Scenario, Files For Provisional Liquidation in Cayman Islands

JUN 14, 2018 — Abraaj, the Middle East’s biggest private equity firm which made its mark investing in high risk regions including Iran and Pakistan, has filed a petition in the Cayman Islands, asking the court to appoint PwC as provisional liquidators for the embattled company. “The appointment of provisional liquidators imposes a moratorium on […]

Arif Naqvi’s Abraaj Group Hires Deloitte for Review of Business, $1Bln Troubled Fund

Abraaj’s founder Arif Naqvi handed day-to-day running of the investment management business to two co-chief executives and the group was split into Abraaj Investment Management Ltd (AIML) and Abraaj Holdings in late February. (BE2C2) — Dubai-based Abraaj Group has hired Deloitte to examine its business, including its troubled $1 billion healthcare fund, after investors questioned […]