Emirates Securities and Commodities Authority (JSC) assesses the impact of Abraaj's problems on investors

Emirates Securities and Commodities Authority (JSC) assesses the impact of Abraaj's problems on investors

Abraaj has faced allegations by some investors that it misused their funds.

Source: Reuters

Said the largest regulator of securities in the United Arab Emirates United Arab Emirates, said on Sunday it was working with the Dubai Financial Services Authority (DFSA) to see if local investors were affected by the financial problems of Abraaj.
“We are coordinating with the Dubai Financial Services Authority (DFSA) to ensure that local investors are affected,” Obaid Al Zaabi, chief executive of UAE Securities and Commodities Authority, told reporters.
The Dubai Financial Services Authority (DFSA), which oversees Abraj, has not issued any comment on the company facing allegations by some Investors That they misused their money.
Abraj denies any wrongdoing.

To correct or make any observations
date of publication June, 10/2018 19:35 GMT
Date of update June, 10/2018 19:35 GMT

Reuters

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