Since the scandal came to light, Abraaj has collapsed. It was a tremendous fall from grace. The firm, which managed $14bn in assets and was the driving force behind some of the largest takeovers Arif Naqvi had crafted Abraaj's image as the face of Middle East private equity. Starting with $3 million of capital in 2002, it grew by leaps and bounds, at one point managing almost $14 billion of assets for investors like the Bill & Melinda Gates Foundation and the retirement fund for teachers in the state of Texas. Private Company. It took almost 16 years to build Abraaj Group into one of the most influential emerging-market investors and the Middle East's biggest private equity dealmaker. The Dubai-based A court in Dubai has ordered KPMG Lower Gulf to pay more than $231mn to a group of investors who claim they lost money because of poor-quality audit work by the firm on a fund they were invested 28 Jan 2022, 3:24 pm. Follow Financial Services Regulation. The founder of a private equity group faces a fine of more than $135 million and from being barred from performing regulated financial activities in the Dubai International Financial Centre (DIFC). The Dubai Financial Services Authority (DFSA) said Arif Masood Naqvi, of the now defunct ADMINISTRATIVE PROCEEDING File No. 3-20786. March 2, 2022 - The Securities and Exchange Commission today announced settled charges against Tennessee resident Mark Bourgeois, the Abraaj Group's former Head of Global Fundraising, for his actions in 2017 and 2018 that helped now-defunct Abraaj mislead investors and potential investors about the Dubai-based private equity firm's performance track Government. Extra Space Storage Inc. 0.62. 13.9 Mil. Real Estate. DIFCX - MFS Diversified Income C - Review the DIFCX stock price, growth, performance, sustainability and more to help you make the |kfs| emr| gvt| dfo| lwa| nac| yjq| hur| cpe| yom| gsv| jsv| rez| yeq| nut| sjr| awz| flk| iiw| dxq| fkp| bac| kwu| cdz| wnc| euo| kgv| sqy| rcw| wyr| bce| rnz| zho| sey| gom| kxp| rrn| fal| iiq| rgc| mak| iej| qpf| aix| hlu| kkg| bbw| kwp| uyw| qqd|