Dubai Financial Services Authority fines two Abraaj companies Dh1.15 billion

Dubai’s financial services regulator fined Abraaj Group-affiliated companies $315 million (Dh1.15bn) for unauthorised activities and misusing investors’ monies. In a statement on Tuesday, the Dubai Financial Services Authority (DFSA) imposed a $299m fine and a $15m penalty on Abraaj Investment Management Limited (AIML) and Abraaj Capital Limited (ACLD), respectively. The…