UAE: NMC reveals US$6.6bn of debt

NMC Health Al Zahra Hospital, Sharjah

NMC’s ongoing troubles continue as it reveals its debt position has grown to US$6.6bn as it appoints a new chief restructuring officer. As reported on 12 March, NMC had previously admitted to US$5bn of debt after discovering more than US$2.7bn in debt previously unknown to the board. This was on top of the US$2.1bn debt…

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