Tag: abraaj group

The judgment was announced by Westminster Magistrates Court. Naqvi facing at least 16 charges including defrauding his investors and money laundering.  

Naqvi's managing partner Mustafa Abdel-Wadood was arrested at a New York hotel on Thursday, Assistant U.S. Attorney Andrea Griswold told court.

The move comes after Noor Bank, which lent Abraaj around $100 million, recently got the go-ahead to take control of parts of funds pledged against its loan.

KARACHI: K-Electric (KE) request for hike in power tariff is rejected on Thursday by the National Electric Power Regulatory Authority (NEPRA), in order to...

Dubai: The founder of the Abraaj Group, Arif Naqvi is facing criminal investigation in the UAE for issuing bad cheques, as cheque bouncing is...

DAVOS: Senior Executives of leading International companies have termed Pakistan as one of the most investment friendly countries in the world. They were speaking at...

The Abraaj Group on Sunday announced that it has agreed to divest its 66.4% shareholding in K-Electric to the Shanghai Electric Power Company Limited...

KARACHI: Chinese multinational Shanghai Electric is set to buy the K-Electric utility serving Pakistan's biggest city of Karachi, in a $1.6 billion deal that will be the biggest private-sector acquisition in the country's history.

SHANGHAI, CHINA: China's state-backed Shanghai Electric Power said it is bidding to acquire a stake in Pakistani utility K-Electric Limited, formerly known as Karachi Electric Supply Company Limited, which has a total market value of $2.3 billion.

REUTERS: Abraaj Group has mandated Citigroup to evaluate options for its indirect stake in Pakistani utility K-Electric, the Dubai-based private equity firm said on...