Dirhams & Dollars

The past four months have seen a steady trickle of news that has broken in to a full flood of revelations in recent weeks, concerning Abraaj Group’s funds. The former golden child of the regional private equity scene just filed for provisional liquidation in the Cayman Islands, leaving creditors and investors scrambling to retrieve their money, including publicly traded companies such as Air Arabia. On today’s podcast, we try to decipher how Abraaj reached this point, and we talk about where things go from here. Will these firms get their money back? And what will be done to prevent this kind of thing happening again?