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ADIB, Ajman Bank announce exposure to NMC Health

ADIB, Ajman Bank announce exposure to NMC Health
ADIB has the exposure of $31 million Sukuk to NMC Health
ADIB
ADIB
2.20% 11.16 0.24
Ajman Bank
AJMANBANK
0.00% 1.85 0.00

UAE – Mubasher: The total credit facilities of Abu Dhabi Islamic Bank (ADIB) and Ajman Bank to NMC Health Group amounted to $291.4 million and $151.875 million, respectively, both banks announced on Sunday.

The ADIB has the exposure of $31 million Sukuk to NMC Health, the bank disclosed to the Abu Dhabi Securities Exchange (ADX) on Sunday.

The two banks confirmed that no finance is provided to Finablr and UAE Exchange Centre, the NMC's sister companies.

It is noteworthy to mention that Mashreq Bank, Abu Dhabi Commercial Bank (ADCB), and Dubai Islamic Bank (DIB) granted the NMC Group fund of AED 502,598, $981 million, and $425 million, respectively.