NMC saga: Abu Dhabi’s ADCB begins criminal legal action against several people

NMC saga: Abu Dhabi’s ADCB begins criminal legal action against several people

A new board of directors has been appointed while Michael Davis will continue as the CEO, reporting to the co-chief restructuring officers upon their appointment.. The key objectives of the new board and management team will be to "create a stable platform before commencing the restructuring and turnaround, with the key immediate priority being the monitoring of liquidity of the group", the statement said.. The group will have some of NMC's largest debt-holders including Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, Barclays and Standard Chartered..