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The Abraaj Group was a private equity firm based in Dubai, United Arab Emirates. The firm was founded in 2002 by Arif Naqvi. The Abraaj Group provides funding for companies based in Africa, Asia, Latin America, the Middle East and Turkey. The firm seeks to invest in companies operating in the agriculture, aviation, business services, chemicals, construction and manufacturing, consumer and retail, education, energy, financial services, food and drink, healthcare, hospitality and leisure, insurance, transportation, marine, metals, pharmaceuticals, media, technology and real estate sectors. Founded in 2002, Abraaj manages approximately $10 billion assets under management.
It ceased its operations in 2018 after Naqvi and one of his partners, Mustafa Abdel-Wadood, were charged for conspiracy to commit securities and wire fraud by the U.S authorities. Naqvi was also fined by the Dubai Financial Services Authority for $315 million for funds misuse and other unauthorized financial activities.
