DUBAI (Reuters) – The new executive chairman of hospital operator NMC Health (L:) vowed on Saturday to work with authorities in Britain and the United Arab Emirates to recover misused funds and called on the company’s creditors for a debt standstill.
Faisal Belhoul “calls for a temporary standstill from creditors to allow time to prepare and activate a recovery plan,” the company said in a statement.
London-listed NMC recently revised its debt position to $6.6 billion, much higher than earlier estimated.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.