KARACHI, July 12: The Dubai-based asset management fund — Abraaj Capital — announced a first closing of the Abraaj Buyout Fund II (ABOF II) with commitments of $300 million.
The ABOF I continues to be invested in six companies in the Middle East and Pakistan. The new fund will invest in at least 20 companies and open up the merger and acquisition scenario in the Middle East, says a press release.
Dubai International Capital committed $25 million to the fund has also led Abraaj to bring forward the final closing of ABOF II to Sept 30 from Dec 31, 2005.
