GFH assures that it will not be exposed to NMC Healthcare


direct: GFH Financial Group, listed on the Dubai Financial Market, Kuwait Stock Exchange and Bahrain Stock Exchange, has confirmed and not exposed them individually to NMC Healthcare Group or its subsidiaries, according to a press release.

And this morning, Emaar Properties confirmed that it was not exposed to the “NMC” healthcare group or the “Finable Company”..

Dubai Islamic Bank said its exposure to NMC Healthcare and its subsidiaries amounted to 1.6 billion dirhams (equivalent to $ 425 million) as of March 31, 2020.

On Thursday, Abu Dhabi Commercial Bank confirmed that it was among the 80 international financial institutions that lent to the NMC Healthcare Group.

He explained in a statement to the Abu Dhabi Stock Exchange, that The amount of debts granted by him to the company It is about $ 981 million (3.6 billion dirhams), as of March 31, 2020, which equals less than 1 percent of its total assets.

Group revealed NMC “earlier on Dion It reached about $ 6.6 billion. And last month, NMC Health said it was It has committed debts exceeding $ 2.7 billion, A debt not previously disclosed to the Board of Directors.

NMC Healthcare is UAE-based and listed on the London market since 2012, and NMC Healthcare operates in 19 countries, including Saudi Arabia.


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Dubai Islamic: 1.6 billion dirhams value of exposure on “NMC”


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