Deals
Dubai Buyout Firm Abraaj to Meet Creditors as Scrutiny Grows
- Firm in talks to sell stake in asset management business
- Kuwait Fund said Abraaj has not repaid $100 million loan: WSJ
Arif Naqvi
Photographer: Luke MacGregor/Bloomberg
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Abraaj Group, which has been roiled by allegations of misused funds, will meet shareholders and lenders on Monday to discuss the restructuring of the Dubai-based asset manager.
Chief Executive Officer and founder Arif Naqvi and other senior managers will update stakeholders on the talks with potential acquirers of its asset-management business, ongoing deals and media speculation, Abraaj said in a statement.