Abraaj, which managed some $14 billion at its peak, collapsed into insolvency in 2018 after being accused of misusing investor funds. The firm's founder and chief executive officer Arif Naqvi is alleged to have stolen more than $250 million by U.S. prosecutors. He denies any wrongdoing.11 Nov 2021
Where is Arif Naqvi now?
Naqvi faces criminal charges in the U.S. and is currently in the U.K. awaiting extradition.4 days ago
Who owns Abraaj?
This article is in your queue. A Dubai regulator fined Abraaj Group's founder Arif Naqvi $135.5 million, saying he deceived investors and misused funds, four years after the private-equity firm's collapse raised questions about governance in the Middle East financial hub.5 days ago
Who was the founder of Abraaj group?
Arif Naqvi
What happened to the Abraaj group?
Industry Financial services
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Founded 2002
Founder Arif Naqvi
Defunct 2018
Fate Liquidation
Who owns abraaj now?
Industry Financial services
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Number of employees 300
Who invested in Abraaj?
Abraaj, with $14 billion under management, was forced into liquidation after investor concerns over its heath-care fund. Abraaj backers included the Bill & Melinda Gates Foundation and the World Bank's International Finance Corp.4 days ago