Monday 12 March 2018

CFO says he left Dubai-based private equity firm Abraaj | ZAWYA MENA Edition

CFO says he left Dubai-based private equity firm Abraaj | ZAWYA MENA Edition:

"The chief financial officer of Dubai-based Abraaj Holdings told Reuters he had left the embattled private equity company.

Two other senior executives are also preparing to leave, three people with direct knowledge of the matter said. The investment firm, which manages $13.6 billion in assets, is also considering a round of job cuts, they said.

Abraaj has shaken up its management, suspended new investments and undertaken a review of its corporate structure following a dispute with four of its investors over the use of their money in a $1 billion healthcare fund."



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