UPDATE 1-UAE regulator asks listed companies to declare exposure to Abraaj | Reuters:
"United Arab Emirates’ top securities regulator has asked UAE-listed companies to declare their exposure to Dubai-based private equity firm Abraaj, which filed for provisional liquidation last week. The Securities & Commodities Authority sent a letter earlier this week and companies had until Thursday to submit their responses, Obaid al Zaabi, chief executive of the regulator told Reuters. Air Arabia, a Dubai-listed low cost carrier, said this week it had a $336 million exposure to Abraaj, which is the Middle East’s biggest private equity firm. Shares in the airline plunged because of its links to the company."
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