Deals

NMC Suspends Chairman From Board Discussions Amid Review

Report adds to turmoil after NMC shares dropped 46% last week
Board to decide whether chairman should remain as director

WATCH: NMC Health says it has held preliminary takeover talks from a number of suitors.(Source: Bloomberg)

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By Thomas Mulier

February 10, 2020 at 7:14 AM UTC

Updated on

February 10, 2020 at 5:18 PM UTC

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NMC Health Plc, the operator of the biggest network of hospitals in the United Arab Emirates, said its chairman will be removed from board discussions after he said he may have misreported the size of his stake.