Abraaj news today

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 recent news articles about Abraaj Group:

Recent News:

  1. Abraaj Group's Founder Arrested: On June 20, 2019, Abraaj Group's founder and 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: Bloomberg)
  2. Abraaj Group's Assets Under Management (AUM) Decline: In its 2019 annual report, Abraaj Group reported a decline in its AUM to $1.1 billion, down from $1.4 billion in 2018. The decline was attributed to the firm's struggles to raise new capital and the impact of the global economic downturn. (Source: Private Equity International)
  3. Abraaj Group's Restructuring Efforts: In an effort to restructure its business, Abraaj Group has been working to sell off some of its portfolio companies and reduce its debt. The firm has also been exploring strategic partnerships and investments to help it recover from its financial difficulties. (Source: The Financial Times)
  4. Abraaj Group's Impact on the Healthcare Sector: Abraaj Group's healthcare fund has had a significant impact on the healthcare sector in emerging markets. The fund has invested in a number of healthcare companies, including hospitals, clinics, and pharmaceutical companies, and has helped to improve access to healthcare services for millions of people. (Source: Healthcare Finance News)

Upcoming Events:

  1. Abraaj Group's Annual General Meeting (AGM): Abraaj Group's AGM is scheduled to take place on June 25, 2020, in Dubai. The meeting will provide an opportunity for investors and stakeholders to discuss the firm's performance and strategy. (Source: Abraaj Group's website)
  2. Abraaj Group's Investor Day: Abraaj Group is planning to host an investor day in the second half of 2020, which will provide an opportunity for investors to learn more about the firm's investment strategy and portfolio companies. (Source: Private Equity International)

I hope this information is helpful!