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UAE’s Abraaj enters provisional liquidation in the Cayman Islands

By Dominic Lawson

19 June 2018

The Grand Court of the Cayman Islands has accepted a provisional liquidation application from developing markets investor Abraaj Holdings, after two of the Dubai-headquartered company’s creditors made winding up orders against it in the wake of allegations it mishandled investors' funds.

UAE’s Abraaj enters provisional liquidation in the Cayman Islands Grand Cayman, Cayman Islands (Credit: iStock.com/iStock.com/JodiJacobson)