NMC ‘wants to exit Saudi venture’

Author: 
article author: 
Sun, 2020-08-30 00:14

DUBAI: Administrators to NMC Health, the fraud-stricken UAE-based hospitals company, are looking for buyers of its Saudi Arabian business launched last year.

Alvarez & Marsal, the firm appointed to oversee the future of NMC assets following its collapse with a total of $6.6 billion of debts, told creditors in a recent presentation that the Saudi business and some other international operations were regarded as “non-core,” and that it was examining options to sell.

Main category: 
Tags: 


Special

Leave a Reply

Your email address will not be published. Required fields are marked *