Abraaj Capital, a Private Equity firm in the Middle East, announced that it has completed a $375 million capital increase to existing shareholders, which increases the company's paid-in capital to US$ 1.5 billion.
According to the FT, Abraaj will focus on real estate and small businesses, as well as trying to acquire an overseas competitor looking to raise its regional exposure.
(To see more Dubai investors like Abraaj check our investors directory)
Their full press release follows:
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