Dubai-based Abraaj Capital, the Middle East's largest private equity firm, is gearing up for an initial public offering (IPO) as early as next year following its recent acquisition of emerging market fund manager Aureos Capital, the company's Group Chief Executive Arif Naqvi said on Tuesday.
"Inevitably we have to. It's not a 2012 event. It could be 2013," Naqvi told Reuters in an interview.
"The Aureos acquisition was a crucial stepping stone on Abraaj's path to IPO," he added, without giving more details on the stake to be offered or the market where shares will list.
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