NMC Healthcare has requested the cancellation of its shares listing on the London Stock Exchange as soon as possible.
According to ArabiaNet, the company said, in a statement, that the decision to cancel listing the company in the London market aims to save the costs of listing, along with facilitating and speeding up the decision-making process with all parties concerned.
The company's operational operations will not be affected by this decision, as NMC Hospitals, its health centers and its clinics will continue to operate as usual, under the supervision of the current administration, in order to ensure the provision of health care to patients, according to the statement.
Trading in NMC shares had been suspended on February 27, 2020, after the Financial Conduct Authority agreed to the company's request in accordance with Article Five of the listing laws, according to which temporary suspension of trading in the shares of the company was permitted, and at the same time NMC was working on Provide detailed explanations to the market about its financial position.
On March 10, 2020, NMC announced US $ 5 billion of debt, which was not disclosed in the company's previously announced financial reports, and on March 23, 2020, the company's total debt was estimated at US $ 6.6 billion.
On April 6, 2020, NMC announced that it had received a communication from ADCB attorney, stating that a lawsuit was filed against the company in the High Court in England and Wales, for the appointment of judicial guards, who were approved on April 9, 2020. < / p>
The judicial guards emphasized that their focus will be on ensuring the provision of health care to patients, by working to stabilize the personnel, supplier and operational processes of the company.
On April 14, 2020 it was announced that a new board of directors had been appointed to restructure the corporate governance system and oversee the company's administrative teams.
