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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

NMC gross revenue in Q3 up

NMC Healthcare has registered a significant rise in patient encounters in Q3.
By Hilal Mir
November 1, 2021 11:37 pm
  • 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.

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