![An emergency department sign sits on display outside the NMC Royal Hospital, operated by NMC Health Plc, in Abu Dhabi, United Arab Emirates, on Sunday, March 1, 2020. Troubled NMC Health Plc, the largest private health-care provider in the United Arab Emirates, asked lenders for an informal standstill on its debt as Abu Dhabi weighs an injection of capital to safeguard the emirate’s reputation among global investors. Photographer: Christopher Pike/Bloomberg](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/MF27KXZLNX4UTW45AS4GJ34DJM.jpg?smart=true&auth=1218e06a196dc0050f8d0903e0979c9c7c0a14d09d675cb7f4c74c554ef0beda&width=400&height=225)
The demise of NMC was sparked by US short seller Muddy Waters. Bloomberg
The demise of NMC was sparked by US short seller Muddy Waters. Bloomberg
NMC’s debt now estimated to be $6.6bn
The company’s obligations include 75 facilities from over 80 financial institutions