The Abraaj Group is meeting key stakeholders and its creditors to discuss the potential sale of its investment management business and the ongoing restructuring of the troubled company. "A private meeting will be held today of the shareholders, lenders and other invited parties, interested in the restructuring of Abraaj Holdings specifically and other group entities more generally", Abraaj said in an emailed statement. Abraaj stakeholders will be updated by senior management, including the group's Chief Executive Officer Arif Naqvi, and company's advisors, on the progress of discussions with potential acquirers of Abraaj's Investment Management business, according to the statement.

The sale of the funds management business along with the company's stakes in various companies, such as K-Electric Limited (KASE:KEL) are among the measures, which would help resolve potential liquidity problems, Abraaj told creditors in an earlier meeting, according to a Bloomberg report. Houlihan Lokey, Inc. (NYSE:HLI) is advising Abraaj on its debt and the sale of its investment management business.