Emirates NBD reveals $38.9m exposure to Abraaj | GulfNews.com

Emirates NBD reveals $38.9m exposure to Abraaj | GulfNews.com:

Emirates NBD on Sunday said its exposure to Abraaj stands at $38.9 million (Dh142.87 million), raising total exposure to the embattled private equity firm to more than $2 billion.

Emirates NBD has an exposure of $21.3 million through an equity investment in the management company. In addition, the bank has a total exposure of $17.6 million invested across three of the Abraaj funds, the bank said in a statement posted on Dubai Financial Market’s website.

This brings listed companies’ total exposure to Abraaj to the tune of $2.4 billion.