Abu Dhabi Firm Is Said to Challenge Cerberus Bid for Abraaj Unit

The transcript discusses the Abu Dhabi Financial Group's (ADFG) offer to manage Abraj's funds, highlighting the need for approval from liquidators and investors. ADFG, led by Yasin Al Siddiqi, is known for its real estate holdings and experience with distressed assets. The collapse of Abraj, once the largest private equity firm in the Gulf, is considered a significant global failure. The regulatory response has been muted, but international scrutiny is expected due to prominent investors like the Bill and Melinda Gates Foundation. The collapse has caused ripple effects across Gulf businesses, notably affecting Air Arabia. The situation raises concerns about the impact on Dubai and the UAE's financial ambitions and economic diversification efforts.

What is the total amount offered by ADFG for managing Abraj's funds and covering company costs?

• $30 million

• $55 million

• $25 million

• $45 million

Who needs to approve the buyer for Abraj's assets?

• The government of Abu Dhabi

• The employees of Abraj

• The liquidators and limited partners

• The rival bidders

What is significant about Abraj's collapse?

• It was a minor financial incident.

• It is the largest private equity failure globally.

• It is the first private equity firm in the Gulf.

• It was quickly resolved by local regulators.

Which international foundation is involved in the Abraj saga?

• The Rockefeller Foundation

• The Ford Foundation

• The Bill and Melinda Gates Foundation

• The Clinton Foundation

What unusual exposure did Air Arabia have related to Abraj?

• $200 million

• $400 million

• $100 million

• $300 million