Arif Naqvi

Arif Masood Naqvi (born 13 July 1960) is a Pakistani businessman, who was the founder and chief executive of the Dubai-based private equity firm, The Abraaj Group and Aman Foundation.

As of March 2018, Arif Naqvi has stepped down as CEO of The Abraaj Group, as the company has become the subject of multiple investigations regarding its fund management practices.

[11][12] In January 2018, Bill and Melinda Gates Foundation, and three other investors in Naqvi's Abraaj Growth Markets Health Fund recruited forensic accountants to investigate where their money had gone.

[15] In February 2018, Naqvi was accused by Andrew Farnum[11] at the Bill and Melinda Gates Foundation, and other investors of misappropriating funds, leading to the provisional liquidation of The Abraaj Group.

[16][17] Also in October 2018, the Wall Street Journal published an article that Abraaj Group allegedly paid US$20 million to Pakistani businessman, Navaid Malik, for his assistance in securing cooperation of the Sharif brothers for the sale of its investment in Pakistan's utility, Karachi Electric.

[28] In July 2022, the Financial Times revealed in its article results of its investigation that Abraaj founder Arif Naqvi's Cayman Islands-incorporated company Wootton Cricket Ltd bankrolled Pakistan's political party, Tehreek-e-Insaf (PTI) which is led by former Prime Minister Imran Khan during 2013, after receiving funds from companies and individuals including at least £2 million in April 2013 from Sheikh Nahyan bin Mubarak al-Nahyan, a United Arab Emirates government minister who is also a member of the Abu Dhabi royal family and Chairman of Pakistan's Bank Alfalah.

[30][31][32][33][34] In 2008, Naqvi and his family established the Aman Foundation, a local, not-for-profit trust in Pakistan, focusing on health, nutrition and education.