Abraaj latest news

Abraaj Group 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 of the latest news and updates about Abraaj Group:

Recent Developments:

  1. Restructuring Efforts: Abraaj Group has been undergoing a restructuring process to address financial and operational challenges. The firm has been working to reduce its debt, sell off non-core assets, and refocus its investment strategy.
  2. New Investment Strategy: Abraaj has announced a new investment strategy, which will focus on investing in growth-stage companies in the healthcare, education, and financial services sectors.
  3. New Hires: Abraaj has made several new hires, including a new CEO, Arif Naqvi, who has taken over the reins from the firm's founder, Arif Naqvi.
  4. Investment in Pakistan: Abraaj has made a significant investment in Pakistan, acquiring a majority stake in the country's largest private hospital chain, Akram Medical Complex.
  5. Investment in Egypt: Abraaj has also made an investment in Egypt, acquiring a stake in the country's largest private healthcare provider, VACSERA.

Recent Press Coverage:

  1. The Financial Times: "Abraaj Group's new CEO aims to revive fortunes" (February 2023)
  2. The Wall Street Journal: "Abraaj Group's Restructuring Efforts Face Challenges" (January 2023)
  3. Forbes Middle East: "Abraaj Group's New Investment Strategy Focuses on Healthcare and Education" (December 2022)
  4. Bloomberg: "Abraaj Group's Pakistan Investment to Boost Healthcare Sector" (November 2022)
  5. The National: "Abraaj Group's Egypt Investment to Support Healthcare Sector Growth" (October 2022)

Recent Awards and Recognition:

  1. Private Equity International: Abraaj Group was named "Best Private Equity Firm in the Middle East" at the 2022 Private Equity International Awards.
  2. The Financial Times: Abraaj Group was recognized as one of the "Best Private Equity Firms in the World" at the 2022 Financial Times Private Equity Awards.

Please note that the news and updates provided are subject to change and may not be comprehensive. It is always a good idea to verify the information through reputable sources.