Al Abraaj is a profitable company, with 2024 EBITDA of USD $12.5 million. This move is designed to enhance the company's asset portfolio and capitalize on emerging opportunities within the capital ...

Dubai’s financial regulator fined KPMG LLP $1.5 million for its auditing of Abraaj Capital Ltd., a unit of the former emerging markets private equity firm that collapsed after being accused of ...

Action against Abraaj Capital * The DFSA imposed a penalty of $15.27 million on Abraaj Capital in July 2019 for failure to maintain adequate capital resources and in breach of DFSA rules.

Abraaj Capital deceived the DFSA about its capital adequacy requirements and compliance with DFSA rules. Abraaj Capital was fined $15.3 million. Related Articles.

In the first major fines on Abraaj, which collapsed last year, DFSA imposed a penalty of around $300 million on Abraaj Investment Management Ltd (AIML) and $15.3 million on Abraaj Capital Ltd, the ...

A former executive of collapsed Dubai private equity firm Abraaj Capital Ltd on Friday pleaded guilty to U.S. fraud and conspiracy charges, admitting that he lied to investors about the firm's ...

NBK Capital Partners, owned by Kuwait's biggest lender, has walked away from advanced talks to buy a global credit fund previously managed by collapsed Dubai buyout firm Abraaj Capital Ltd, two ...

U.S. prosecutors on Thursday unveiled criminal charges against three more former executives of collapsed Dubai private equity firm Abraaj Capital Ltd, accusing them of taking part in a massive ...

Dubai’s financial services regulator said on Monday that it was in touch with the U.S. Securities and Exchange Commission about the latest case involving collapsed private equity firm Abraaj ...

By Brendan Pierson and Tom Arnold NEW YORK/LONDON (Reuters) – The chief executive and a managing partner of the collapsed Dubai private equity firm Abraaj Capital Ltd have been arrested on U.S ...

Moreover, when their private equity funds couldn’t support their portfolio businesses with more capital, Abraaj’s roughly $1.5 billion balance sheet was used as a lender.

Dubai's financial services regulator has stopped Abraaj Capital from taking on new business or moving money to Abraaj Investment Management (AIML), its related entity, as part of an investigation ...