NMC did not immediately respond to a request for comment from The National. The Company refers to its announcement of 10 February 2020 and to the reviews being undertaken by its Joint Non-Executive Chairman, Dr. Bavaguthu Raghuram Shetty ("Dr. B.R. KPMG is advising the privately-held investment firm on the asset review along with ways to address the company’s debt load, according to the people, who asked not to be identified because the information is private. Following its 2012 London listing, NMC was promoted to the blue chip FTSE 100 index in 2017. NMC’s website says Mr Al Muhairi “led its successful IPO and premium listing on the London Stock Exchange in 2012”. Earlier this week, NMC removed Mr Al Muhairi and chairman BR Shetty from board discussions on concerns that they may have misstated their stakes. In his resignation letter to the Board, Mr Buttikhi confirmed that he first became aware of previously unreported share transactions between the Principal Shareholders in recent days when they were notified to, and then announced by, the Company. He sold a combined 15 per cent stake in the company along with former director Saeed Mohamed Butti Mohamed Khalfan Al Qebaisi in January. Khalifa bin Butti al-Muhairi is worth close to $2 billion, and founded the investment group KBBO Prince Al-Waleed was worth a reported $40 billion but lost a great deal of his wealth after his cousin, the crown prince, had him arrested for corruption One of the world’s most eligible royals is officially off the market. It has a venture with Guggenheim Partners offering advisory services to local family offices and institutional investors. Saeed Butti Al Qebaisi ("H.E. Neom’s head of technology describes his vision for the future city, Can Artificial Intelligence make us better investors? • The advisers to Khalifa Bin Butti and H.E. Khalifa Bin Butti Al Muhairi is the chairman of KBBO Group, an Abu Dhabi-based group with investments in healthcare, money exchange and retail. Earlier this week, the company said it had received buyout interests from Italian-backed GKSD Investment Holding and US-based KKR. From the UAE, this year’s new addition includes Rizwan Sajan of Danube Group, Khalifa bin Butti Al Muhairi of NMC Healthcare, Philip Day of Edinburgh Woollen Mills, Saeed bin Butti Al Qebaisi of NMC Healthcare, Suhail Bahwan of Suhail Bahwan Group and Adani Vinodbhai Shantilal of Adani Enterprises. It treats more than 8.5 million patients a year, according to its website. Khalifa bin Butti Al Muhairi Age. 27 February 2019. How can I stop a debt agency from harassing me? In addition, … ', Off-plan Dubai properties remained most popular among investors last year, What millennials should do with their Covid cash – Pocketful of Dirhams. UAE's largest bank FAB appoints first female CEO, The Debt Panel: 'I lost my job and was in hospital for three months with Covid-19. It’s not immediately clear how much debt KBBO is looking to restructure. KKR and GK Investment prepare bids for under-fire NMC Health, NMC Health hires former FBI head to investigate Muddy Waters allegations, NMC Health’s shares fall 17% as two investors sell down stake. KBBO invests in a wide range of sectors from healthcare to financial services. Saeed Bin Butti and their associated companies (together, the "Shareholders") in NMC Health plc. KBBO chairman Khalifa Bin Butti Omeir Al Muhairi stepped down as vice-chairman of embattled NMC in February amid confusion over the exact size of his stake in the hospital operator, which is being run by administrators Alvarez & Marsal Inc. after it succumbed to creditor demands. KBBO and some of NMC’s other major shareholders also held a significant stake in financial services firm Finablr, which has also been suspended. The company also holds stakes in food retailers, private schools and owns “one of the largest privately owned art collections” in the Gulf with pieces by Matisse and Picasso, according to its website. Shetty. What role does Davos play in a world gone virtual? Left holding the mic: will shareholders still love Twitter and Facebook? – Pocketful of Dirhams, What the US-China economic rivalry means for the Middle East: Business Extra, Counting down 10 big business moments from 2020: Business Extra, How to get your savings on track for a bumper 2021 – Pocketful of Dirhams, Feryal Ahmadi of DMCC on how global trade will be remapped in the 2020s, What’s in store for investors in 2021?– Pocketful of Dirhams, ‘Adapt or die’: the UN’s corporate sustainability pioneer shares lessons of 2020, separate regulatory filing to the London Stock Exchange. Mr Al Muhairi is the founder and chairman of Abu Dhabi-based KBBO Group, which has investments in healthcare, education, retail, financial services and technology. We have seen that many people are interested to know the age of the second husband of Princess Ameera al-Taweel and why not? Al Qebaisi's most valuable stake is in NMC Health care, a London-listed firm that bills itself as the largest private healthcare firm in the U.A.E. The UAE freezing directive, which was issued by the central bank last week, extends to two other NMC shareholders, Khalifa al-Muhairi and Saeed Mohamed Butti Mohamed al-Qebaisi, the sources, who had seen the order, told Reuters. The advisers said they are “unable to advise the company to the current position in the remaining 428,571 shares”, as well as the position in relation to approximately 11.5 million shares understood to be held by FAB and 324,210 shares understood to be held by Al Salam. © 2020 MOTIVATE MEDIA GROUP. Mr. Khaleefa Butti Omair Yousif Ahmed Al Muhairi ("Khaleefa Bin Butti") and H.E. NMC Health backer weighs strategic options, debt revamp, The SME Story: Lenka Basweidan, founder of Arabee Learning, UAE updates quarantine rules for federal government employees, Abu Dhabi lender FAB names Hana Al Rostamani as first female CEO, Covid-19: UAE denies inaccurate reporting of data, adds that vaccination may be required every year, UAE residency: Foreign students can now sponsor families, UAE cabinet approves decision to establish embassy in Tel Aviv, US, UK condemn air attack on Riyadh which ‘targeted civilians’, Dubai’s Emirates to resume flights to Australia. He is NMC’s second biggest shareholder, according to Refinitiv data. Of the approximately 20.4 million shares held by BRS, the advisors said 13.5 million were transferred to First Abu Dhabi Bank and 2.6 million pledged to United Arab Bank. The age of Emirati billionaire Khalifa bin Butti Al Muhairi is 39 years. Bin Butti Holding Group meets Niger: Building relationship for New Investments. Al Muhairi had pledged NMC shares as collateral against loans, according to a December 2017 filing. NMC HEALTH PLC (the 'Company') ... leaving 324,210 Ordinary Shares that were previously pledged with Al Salam unencumbered by Khalifa Bin Butti and H.E. Is now the time to invest in post-Brexit Britain? KBBO chairman Khalifa Bin Butti Omeir Al Muhairi stepped down as vice-chairman of embattled NMC in February amid confusion over the exact size of his stake in the … * KHALEEFA BUTTI OMAIR YOUSIF AHMED AL MUHAIRI DISCLOSES 3.14% STAKE IN NMC VERSUS PRIOR STAKE OF 19.73% - FILING Source text for Eikon: Further company coverage: KBBO chairman Khalifa Bin Butti Omeir Al Muhairi stepped down as vice-chairman of embattled NMC in February amid confusion over the exact size of his stake in the hospital operator Abu Dhabi, Finance NMC Health Plc shares plunged after two major investors sold $493 million worth of shares well below the market price to reduce their holdings in the troubled healthcare group. Investors Saeed Mohamed Butti Mohamed Khalfan Al Qebaisi and Khaleefa Butti Omair Yousif Ahmed Al Muhairi both sold about 15% of NMC for about 1,200 pence a share. This would reduce the amount of shares publicly held by Mr Shetty by 9.58 per cent. Established in 2008, KBBO Group is a diversified investment company headquartered in the UAE with operations across the MENA region, Europe, and the United States. Stake Sale KBBO chairman Khalifa Bin Butti Omeir Al Muhairi stepped down as vice-chairman of embattled NMC in February amid confusion over the exact size of his stake in the hospital operator, which is being run by administrators Alvarez & Marsal Inc. after it succumbed to creditor demands. Saeed Bin Butti. NMC Health owns and manages more than 200 healthcare facilities, including hospitals, medical centres, day surgery centres and home health clinics across the UAE, UK and Europe. ... Khaleefa Butti Omair Al Muhairi Limited (KBO Limited) Khaleefa Butti Omair Yousif Al Muhairi (KBO) Get daily business news from the region delivered straight to your inbox, KBBO chairman Khalifa Bin Butti Omeir Al Muhairi stepped down as vice-chairman of embattled NMC in February amid confusion over the exact size of his stake in the hospital operator. A separate regulatory filing to the London Stock Exchange, where its shares trade, on Monday said holdings by three of its significant shareholders had been "incorrectly reported historically to the company and the market", naming Mr Shetty, Mr Al Muhairi and Saeed Al Qebaisi. Shetty"), and his advisers, and by Mr. Khalifa Butti Omeir Bin Yousef ("Khalifa Bin Butti") and H.E. 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