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Dubai Court Orders KPMG Lower Gulf To Pay Over 231 Mn For Poor Audit Work

Investors accused KPMG of failing to properly audit the fund, leading to significant losses on investments in Saudi healthcare company Tadawi and Middle East airline Air Arabia, , KPMG Lower Gulf

Saudi arabiaUnited arab emiratesBig fourAir arabiaAbraaj groupMiddle eastPmg lower gulf

Dubai Court orders KPMG to pay investors $231m over Abraaj fund audit

KPMG Lower Gulf says it has appealed against the decision to a higher court

United statesUnited arab emiratesMilind navalkarAbraaj capital limitedExchange commissionMelinda gates foundationAbraaj groupDubai financial services authorityFinancial timesLower gulfMiddle eastLatin america

Dubai court rules in favour of Abraaj Group

Firm breached international auditing standards by approving the financial statements, says Financial Times report

United arab emiratesAbraaj groupFinancial times

Dubai Court Orders KPMG to Pay $231 Million Over Abraaj Fund Audit

Dubai Court Orders KPMG to Pay $231 Million Over Abraaj Fund Audit
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United arab emiratesAbraaj groupFinancial times

Dubai court orders KPMG to pay $231m over Abraaj fund audit

Firm breached international auditing standards by approving the financial statements, says Financial Times report

United arab emiratesAbraaj capital ltdAbraaj groupFinancial times

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