Emirates NBD offloads £27m NMC Health stock to settle shareholder loan

Emirates NBD Bank_Dubai_skyline_PA_575x375
By Aidan Gregory
24 Jan 2020

Dubai’s Emirates NBD Bank has sold a small stake in NMC Health, the beleaguered UAE private healthcare company, to close out a loan owed by Infinite Investment, a vehicle for two of the company’s controlling shareholders.

Infinite Investment is an investment vehicle through which Saeed Al Qebaisi and Khaleefa Al Muhairi jointly owned a 7% stake in NMC Health following the last sale earlier this month. Al Muhairiis has a 12.5% direct ownership of NMC Health and Al Qebaisi has a 4.7% stake, outside ...

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