Dubai's Shuaa Capital joins First Abu Dhabi Bank in reporting Abraaj exposure - The National:
Shuaa Capital and Ajman Bank joined a growing list of UAE-listed companies with direct or indirect exposure to Abraaj Group, the embattled private equity firm that has been roiled by allegations of misusing investors' funds.
Dubai's Shuaa Capital and its clients hold a 3.6 per cent stake collectively worth $8.83 million (Dh32.5m) in The Abraaj Buyout Fund II, it said in a statement to the Dubai Financial Market, where its shares are traded.
This includes an amount of "$4.9m for Shuaa Capital and $3.92m for Shuaa Capital's clients", the company said in the bourse filing on Wednesday.
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