UAE: NMC admits to more debt as independent review finds fraud

NMC Health Al Zahra Hospital, Sharjah

Disaster continues for troubled private hospital provider NMC Health as it reveals that the true scale of its debt position is materially above the last reported figure.  This week NMC admitted to more than US$2.7bn in debt previously unknown to the board. This is on top of the US$2.1bn debt reported at 30 June 2019….

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