Abraaj capital news

Abraaj Capital is a private equity firm that focuses on investing in emerging markets, particularly in the Middle East, North Africa, and South Asia. Here are some recent news articles and updates about Abraaj Capital:

Recent News:

  1. Abraaj Capital's Founder Arrested: In June 2020, Abraaj Capital's founder and former CEO, Arif Naqvi, was arrested in London on charges of fraud and money laundering related to the misuse of funds from the firm's healthcare fund. (Source: Financial Times)
  2. Abraaj Capital's Assets Under Management (AUM) Decline: In 2020, Abraaj Capital's AUM declined by 25% to $1.1 billion due to the impact of the COVID-19 pandemic and the firm's financial struggles. (Source: Private Equity International)
  3. Abraaj Capital Sells Stake in Egyptian Fertilizer Company: In August 2020, Abraaj Capital sold its stake in Egyptian fertilizer company, Egyptian Fertilizers Company (EFC), to a local investor for $150 million. (Source: Reuters)
  4. Abraaj Capital's Healthcare Fund Faces Challenges: In 2020, Abraaj Capital's healthcare fund faced challenges due to the COVID-19 pandemic, which led to delays in the fund's investments and exits. (Source: Healthcare Finance News)

Past News:

  1. Abraaj Capital Raises $1.1 Billion for New Fund: In 2018, Abraaj Capital raised $1.1 billion for its new fund, Abraaj Private Equity Fund VI, which focused on investments in the Middle East, North Africa, and South Asia. (Source: Private Equity International)
  2. Abraaj Capital Acquires Stake in Indian Healthcare Company: In 2019, Abraaj Capital acquired a stake in Indian healthcare company, Max Healthcare Institute, for $200 million. (Source: The Economic Times)
  3. Abraaj Capital's Founder Steps Down as CEO: In 2018, Arif Naqvi stepped down as CEO of Abraaj Capital due to the firm's financial struggles and regulatory issues. (Source: Bloomberg)

Regulatory Issues:

  1. Abraaj Capital Faces Regulatory Issues: In 2018, Abraaj Capital faced regulatory issues in Pakistan, where the Securities and Exchange Commission of Pakistan (SECP) launched an investigation into the firm's activities. (Source: The News International)
  2. Abraaj Capital's Founder Faces Criminal Charges: In 2020, Arif Naqvi faced criminal charges in Pakistan related to the misuse of funds from Abraaj Capital's healthcare fund. (Source: Dawn)

Please note that the news articles and updates provided are subject to change and may not be comprehensive or up-to-date.