Buyout firm Abraaj to restructure itself amid talk of misused funds
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ABRAAJ Group's founder Arif Naqvi will cede control of the fund management business in what he said was a planned restructuring of the private equity firm accelerated by reports of misused funds.
The Middle East's largest buyout company promoted Omar Lodhi and Selcuk Yorgancioglu as co-chief executive officers of Abraaj Investment Management Ltd, which will oversee funds globally for institutional investors, according to a statement on Friday.
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