Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

NMC gross revenue in Q3 up

NMC Healthcare has registered a significant rise in patient encounters in Q3.
  • NMC Group's operating companies would exit administration and hand over the responsibilities to new ownership by the end of this year.
  • The company, creditors and advisers are working to finalize the regulatory and approvals to enable the exit.

NMC Healthcare, the largest private healthcare company in the UAE, has posted gross revenue of $915 million for its UAE and Oman business in Q3, compared to $816m in 2020.

The company said that the number of patient encounters was 6.7 million, compared to 3.7 million in 2020.

The company said that by the end of this year, the NMC Group’s operating companies would exit administration and hand over the responsibilities to new ownership.

Hence, the company, creditors and advisers are working to finalize the regulatory and approvals to enable the exit of the group by 16 December 2021.

Joint Administrator of NMC PLC and NMC Healthcare Richard Fleming said they would ensure successful transfer of new NMC Health administration to its new owners.