DFSA

Unnamed entity

DFSA fined and restricted Mr Waqar Hassan Siddique, former COO/Director of Abraaj Group entities, for knowingly approving 'Window Dressing' and misleading investors.

Date

2021-06-14

Entity type

fund manager

Action type

Multiple

Fine (as written)

USD 1,150,000

Fine (normalised AED)

4,220,500

Personal fine

Yes

Individual role

Director

Regulations breached

Regulatory Law 2004 (Arts. 90(2), 59(1), 41B) and GEN Rule 4.4.1

Scraped at

2026-07-04T16:51:11.816505+00:00

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