February 23, 2018 / 11:44 AM / 6 months ago

BRIEF-Private equity fund Abraaj CEO steps down, temporarily halts deployment activities

Feb 23 (Reuters) - Private equity firm Abraaj says:

* OMAR LODHI AND SELCUK YORGANCIOGLU APPOINTED AS CO-CHIEF EXECUTIVE OFFICERS OF FUND MANAGEMENT BUSINESS, ABRAAJ INVESTMENT MANAGEMENT LIMITED

* ABRAAJ SAYS ARIF NAQVI WILL REMAIN CHIEF EXECUTIVE OF ABRAAJ HOLDINGS WHICH HE FOUNDED IN 2002

* ABRAAJ WILL PAUSE ITS DEPLOYMENT ACTIVITIES TEMPORARILY, OTHER THAN ON TRANSACTIONS FOR WHICH COMMITMENTS ARE ALREADY FINAL, UNTIL RE-ORGANIZATION COMPLETE (Reporting by Dasha Afanasieva)

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