Air Arabia has emphasised that there is no impact on the airline's operations and that business is operating as usual[...]
Colony Capital Inc. agreed to buy some of Abraaj Group’s key funds and oversee others as the Dubai-based private-equity firm attempts a court-supervised restructuring amid allegations of misused funds.[...]
Colony Capital will acquire Abraaj’s Latin America, Sub Saharan Africa, North Africa and Turkey Funds management business[...]
(Adds detail on restructuring, background)[...]
Saudi shares rose at the open on Thursday, while Dubai-listed Air Arabia tumbled after the carrier revealed it had an exposure of $336 million to embattled Dubai private equity firm Abraaj.[...]
Dubai-based Abraaj Group agreed to sell its Latin America, Sub Saharan Africa, North Africa and Turkey Funds management business to U.S. investment management firm Colony Capital Inc, the companies said on Thursday.[...]
Colony has also agreed to oversee on an interim basis other Abraaj group funds[...]
DUBAI, United Arab Emirates and LOS ANGELES, June 20, 2018 /PRNewswire/ -- Abraaj Holdings, Abraaj Investment Management Limited and Colony Capital, Inc....[...]

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