According to Arab Net, creditors are based on the company's management instrument or known as Deeds of Company Arrangement, a binding arrangement between the company and its creditors determines how to deal with their affairs and origins.
Senior creditors were not yet issued on their position from the restructuring plan.
It is worth mentioning that the NMC group, which was listed on the London Stock Exchange, revealed unexpected loans by more than $ 4 billion.
The story began when Madi Watrz was questioned in the financial situation of NMC, and in the prices of its assets purchase and capital spending, saying there was a major exaggeration in both cases. Following this, NMC announced for higher debts than we were announced by.
The NMC creditors are Abu Dhabi Commercial Bank ($ 981 million) and Dubai Islamic Bank ($ 541 million) and Abu Dhabi Islamic Bank ($ 322.4 million), Emirates Islamic Emirates NBD ($ 184.3 million) and Dubai National Emirates (19.3 million) $).
