NMC Healthcare, a subsidiary of NMC Healthcare, has laid off more than 300 employees.
According to Al Bayan, they will likely be followed by layoffs, which represents the first indication of what senior officials are hoping to do with individual departments at NMC. For health care. NMC Trading distributes medical equipment and brands for personal care and food. The move comes after the judicial guards of NMC Limited were appointed by a decision of the Supreme Court in England and Wales on April 9th, following a petition filed by the Abu Dhabi Commercial Bank , NMC's largest creditors. Judicial guards' decisions included NMC, the holding company of one of the largest private healthcare groups in the UAE. Speculation indicates that preparations are under way to sell NMC Trading, which over the past three decades has become one of the largest distributors of medical equipment in the UAE, It enjoys distribution rights to some of the most popular brands from around the world, including 3M, Nestle, Unilever, Nivea, Pfizer, Siemens, Samsung, Sanofi, Kiwi, Brylcreem, Henkel, and others.
