Turkish executives seek clean break from Dubai-based troubled Abraaj | Financial Times:
It is never easy to break up, but learning to start over is sometimes even harder.
Executives at the Turkish branch of Abraaj are looking to cut ties with the embattled private equity group based in Dubai.
Abraaj was once the Middle East’s largest buyout fund with close to $14bn of assets under management led by Pakistani-born founder and boss Arif Naqvi. It has been behind some of the biggest takeovers in the region, including buying stakes in ride-hailing app Careem in Dubai and online retailer Hepsiburada in Turkey.
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