NMC Health, Finablr and UAE Exchange – who is owed what? – The National

NMC Health, Finablr and UAE Exchange – who is owed what? – The National

Banks have the greatest exposure, having extended loans and invested in sukuk worth more than Dh10 billion.. Dubai's biggest bank has total exposure of Dh747.34m to NMC Health "and related companies".. The amount includes Dh676.46m owed to Emirates Islamic Bank.. A Dh140.1m exposure to NMC Health through credit facilities extended to the company.. It is also owed Dh410.2m through a 'fully secured' credit facility to UAE Exchange.. The bank "has extended Dh100.2m in working capital facilities" to NMC Health.. The lender has Dh289.1m total exposure, but only Dh12.9m to NMC Health.. No exposure to NMC Health, but has provided a commercial loan to UAE Exchange worth Dh50m backed by personal guarantees.. Total exposure to NMC Health worth Dh135.26m, of which Dh129.79m is described as funded exposure and Dh5.47m of which is unfunded.. The bank is owed Dh502,598 by NMC Medical Trading.. The firm has a Dh1.07m exposure through a sukuk investment in NMC Health.. Net debtor to NMC Health - owes Dh4.13m in unpaid claims but is due Dh1.94m in premiums.. The company has 'indirect exposure' to NMC Health in the form of a convertible bond in the company worth Dh1.4m held by subsidiary Waha Investment.. The firm is owed