{"id":631782,"date":"2018-03-27T04:12:31","date_gmt":"2018-03-27T04:12:31","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/abraaj-considers-selling-fund-management-unit-amidst-misuse-allegations\/"},"modified":"2018-03-27T04:12:31","modified_gmt":"2018-03-27T04:12:31","slug":"abraaj-considers-selling-fund-management-unit-amidst-misuse-allegations","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/abraaj-considers-selling-fund-management-unit-amidst-misuse-allegations\/","title":{"rendered":"Abraaj considers selling fund management unit amidst \u201cmisuse\u201d allegations"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Abraaj considers selling stake in fund management spin-off as regulator swirls: <\/strong>Dubai-based emerging markets PE giant Abraaj Group is considering the sale of a stake in its recently-spun off fund management business Abraaj Investment Management Limited (AIML), people with knowledge of the matter <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-03-26\/abraaj-is-said-to-consider-sale-of-fund-unit-stake-to-raise-cash\">tell Bloomberg<\/a>. Abraaj has reportedly already begun holding meetings with advisers about the sale. The move comes as the Dubai Financial Services Authority is reportedly holding talks with some of the firm\u2019s investors over concerns of allegations of misuse of funds in the Abraaj Growth Markets Health Fund. The allegations,<a href=\"https:\/\/www.wsj.com\/articles\/abraaj-investors-hire-auditor-to-trace-money-1517598630\">which first emerged back in February<\/a>, have <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/25\/abraaj-undergoes-management-restructuring-corporate-reorganization-following-allegations-of-misuse-of-health-fund\/\">since led the firm<\/a> to spin off AIML and come at the same time as a number of top executives are reportedly looking to leave the firm.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Abraaj considers selling stake in fund management spin-off as regulator swirls: Dubai-based emerging markets PE giant Abraaj Group is considering the sale of a stake in its recently-spun off fund management business Abraaj Investment Management Limited (AIML), people with knowledge of the matter tell Bloomberg. Abraaj has reportedly already begun holding meetings with advisers about [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-631782","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"ff9b09d9-5e3d-427c-bfd8-3a1c3dea4f1e","order":"0","is_powered_by":true,"section_story_id":"097cc429-b220-45fd-9ad0-525d50eb8d33","story_type":"1","photo_url":"","photo_position":"above","related_issue":[631761],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Abraaj considers selling fund management unit amidst \u201cmisuse\u201d allegations - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/abraaj-considers-selling-fund-management-unit-amidst-misuse-allegations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Abraaj considers selling fund management unit amidst \u201cmisuse\u201d allegations\" \/>\n<meta property=\"og:description\" content=\"Abraaj considers selling stake in fund management spin-off as regulator swirls: Dubai-based emerging markets PE giant Abraaj Group is considering the sale of a stake in its recently-spun off fund management business Abraaj Investment Management Limited (AIML), people with knowledge of the matter tell Bloomberg. Abraaj has reportedly already begun holding meetings with advisers about [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/abraaj-considers-selling-fund-management-unit-amidst-misuse-allegations\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-27T04:12:31+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/abraaj-considers-selling-fund-management-unit-amidst-misuse-allegations\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/abraaj-considers-selling-fund-management-unit-amidst-misuse-allegations\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Abraaj considers selling fund management unit amidst \u201cmisuse\u201d allegations\",\"datePublished\":\"2018-03-27T04:12:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/abraaj-considers-selling-fund-management-unit-amidst-misuse-allegations\/\"},\"wordCount\":137,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/abraaj-considers-selling-fund-management-unit-amidst-misuse-allegations\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/abraaj-considers-selling-fund-management-unit-amidst-misuse-allegations\/\",\"name\":\"Abraaj considers selling fund management unit amidst \u201cmisuse\u201d allegations - 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