Exclusive: Founder of Dubai-based Abraaj faces investor revolt: sources | Reuters:
"Arif Naqvi, the founder of one of the Middle East’s biggest private equity firms, Abraaj, is facing calls from investors to further scale back his involvement in the group amid a row over misuse of funds, two people with knowledge of the matter said.
Naqvi, who set up Dubai-based Abraaj in 2002, in February passed the reins of the fund management arm to two new co-chief executives so he could concentrate on managing the parent company, Abraaj Holdings.
But some investors want him to step back even further."
'via Blog this'
No comments:
Post a Comment