NMC Health vice chairman Khalifa Al Muhairi resigns – The National

NMC Health vice chairman Khalifa Al Muhairi resigns – The National

Mr Al Muhairi is one of three shareholders who may have misstated their stake in the UAE healthcare company founded by BR Shetty. UAE hospitals operator NMC Health said its vice chairman Khalifa Al Muhairi had resigned on Friday with immediate effect.. Earlier the week, NMC removed Mr Al Muhairi and Chairman BR Shetty from board meetings on concerns that they may have misstated their stakes.. 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.. The stock has lost two-thirds of its value since mid-December when the US short-seller Muddy Waters alleged that NMC had manipulated its balance sheet and inflated the prices of companies it acquired.. NMC has said Muddy Waters's claims are false and the company hired former FBI Director Louis Freeh to conduct an independent review.. 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.. It treats more than 8.5 million patients a year,