Dubai - Mubasher: The total liabilities of NMC Healthcare Group's operating companies to Dubai Islamic Bank (DIB) have reached AED 1.6 billion ($425 million) as of 31 March, representing nearly 0.7% of the bank's assets. 

DIB's subsidiary, Noor Bank, has an exposure of AED 426 million ($116 million) to the health group, listed on the London Stock Exchange, according to the bank's disclosure to Dubai Financial Market (DFM) on Sunday. 

DIB stated that the bank does not have exposure to the NMC's companies that do not provide medical services, including Finablr and UAE Exchange Centre.

It is noteworthy to mention that on Thursday, 2 April, Abu Dhabi Commercial Bank (ADCB) announced that the liabilities of NMC Group to the bank have amounted to $981 million as of 31 March 2020.