Who is Mustafa Abdel Wadood?
Mr Abdel-Wadood was one of the most senior figures at the Abraaj Group for more than a decade, from July 2006 to February 2018, where he held various roles including the roles of Managing Partner, Global Head of Private Equity, and Board Member.
What happened Abrajj capital?
Arif Naqvi, the founder of defunct Abraaj Group, has been fined $135.6 million and banned from Dubai’s financial center for his role in the private equity firm’s 2019 collapse. The Dubai Financial Services Authority also imposed a $1.15 million fine on Abraaj’s former Chief Operating Officer Waqar Siddique.
Who owns Abraaj?
Executive Arif Naqvi
Founded in 2002 by Founder and Chief Executive Arif Naqvi, we have pioneered the private equity industry in many of the markets where we operate. Our journey has been one of innovation and entrepreneurial drive.
Are there any hedge funds in Dubai?
Very few hedge funds are established in the DIFC, and most hedge funds that are managed or distributed in the DIFC (and the United Arab Emirates (UAE) generally) are domiciled in offshore jurisdictions (such as the Cayman Islands).
How do I set up an investment fund in Dubai?
The minimum amount required to set up a qualified investment fund is 1 million USD. Also, the fund must have at least 50 qualified investors in order to be set up….How to register an investment fund in Dubai
- the investment company;
- the investment trust;
- the investment partnership.
Who funded Dubai?
A centre for regional and international trade since the early 20th century, Dubai’s economy relies on revenues from trade, tourism, aviation, real estate, and financial services. Oil production contributed less than 1 percent of the emirate’s GDP in 2018. The city has a population of around 3.4 million (as of 2021).
How do I find investors in UAE?
Angel Investors To find angels in the UAE, ask other entrepreneurs for referrals, or check out Angel.co, CrunchBase, Magnitt, Wamda amongst others. While angel investors can invest for equity or offer a loan, angel investing groups host monthly events, competitions, pool in funds (co-invest) and contacts.