Kuwait PIFSS Seeks Liquidation of Abraaj Group

Posted on 06/07/2018


The Abraaj Group is facing pressure as creditors move to seek the liquidation of the company. Kuwait’s Public Institution for Social Security (PIFSS) controls a stake in Abraaj Holdings. In 2013, PIFSS provided US$ 731.8 million in loans to the Abraaj Group and so far has received only US$ 346.2 million. PIFSS filed a petition […]