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$2bn Abraaj Islamic fund
- United Arab Emirates: Wednesday, December 20 - 2006 at 16:31
Abraaj Capital will target regional infrastructure investments through its $2bn sharia-compliant Infrastructure and Growth Capital Fund, the UAE-based investment firm said in statement. The fund has a target internal rate of return of 20% pa over its ten-year life. Deutsche Bank and the local Ithmaar Bank are co-sponsors, and Abraaj is manager.
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James McInerney, News EditorWednesday, December 20 - 2006 at 16:31 UAE local time (GMT+4)
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This article was updated on Sun Dec 24 2006.
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