A total of 34 NMC group companies will exit administration and transfer to a new NMC group
The deal is also among the first significant commercial transactions between UAE and Israeli companies
Alvarez & Marsal managing directors Richard Fleming and Ben Cairns have been appointed joint administrators
The legal guardianship will protect the group from creditors’ actions
Faisal Belhoul said it remains crucial that the investigation into any and all prior wrongdoings at the company is “fully supported”
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