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Commercial Bank of Dubai to take control of Abraaj assets secured against loan
Commercial Bank of Dubai, which lent around $170m to Abraaj, will take stakes in the troubled private equity firm’s funds which were offered as security against the debt, three sources familiar with the matter said. Dubai-based Abraaj, worth $13.6bn, was the largest buyout fund in the Middle East and North…
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Click here to read the full story: Gulf Business