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  • 17-03-21

    Abu Dhabi’s sovereign fund to buy NMC Health’s core hospital

    (MENAFN)According to Reuters, Abu Dhabi’s sovereign fund Mubadala plans to buy NMC Health’s core hospital business rising as another suitor of the troubled hospital group.

    The main private health care provider in the UAE were affected in 2020 following the confession of over USD4 billion in hidden debt caused losses to many UAE and overseas lenders.

    The company is looking for the option of vending its health care business in the UAE and Oman that would breed around USD 1 billion.

    According to sources, Mubadala that owns USD230 billion in assets under management is considered one of the investors and firms that seek the benefit.

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