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Abraaj founder ordered to pay court costs

The Grand Court has ordered Abraaj Holdings founder Arif Naqvi to pay his own costs for a recent hearing in Cayman regarding his troubled company’s ongoing attempts to restructure.

Abraaj given more time to sell assets

Grand Court Justice Robin McMillan granted a two-month extension on Monday of the provisional liquidation of the Cayman-registered Abraaj Holdings, giving the troubled company more time to avoid being wound up at the behest of a major creditor.

Abraaj attempting to restructure, but could be liquidated

The fate of the Cayman-registered Abraaj Holdings could be decided on Aug. 17, when a determination is scheduled over whether the troubled company will be liquidated and wound up, or will continue undergoing court-supervised restructuring.

Court appoints provisional liquidators to Abraaj Holdings

The Grand Court has appointed provisional liquidators to Abraaj Holdings, a Middle Eastern private equity firm facing allegations that it has misused hundreds of millions of dollars, including funds from the Bill & Melinda Gates Foundation and the World Bank’s International Finance Corporation.

Kuwaiti public entity aims to liquidate Cayman-registered firm

The Cayman-registered Abraaj Holdings is facing two petitions in Grand Court, one to have the court to restructure its debt and the other to liquidate the company.

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