The new plan, developed with US-based consultancy Mercer, will start next year
PIFSS had a record investment profit of $7.3bn in the three months through June
Cash accounts for about 11.5 per cent of its investments, which the fund aims to cut to 4 per cent over the next seven months
Naqvi is one of six former Abraaj executives who face charges stemming from the private equity’s firm’s 2018 collapse
Abraaj Capital founder and group CEO, Arif Naqvi, tells Alicia Buller about his hopes for the private equity sector.