Hedge Funds & Alternative Investments
Regulation, Risk & Compliance
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Dubai Buyout Firm Reassures Banks on Liquidity Concerns
Abraaj Group told creditors the sale of a stake in its fund-management unit and its Pakistani utility will help resolve potential liquidity issues, according to people with knowledge of the matter. The Dubai-based firm, roiled by allegations of misused funds, last week met banks, including Societe Generale SA and Mashreqbank…
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Click here to read the full story: Bloomberg