Tag: Finablr
Travelex Owner Finablr Might Owe US$1.3bn In Debt
Travelex owner Finablr on Thursday said that it might as much as US$1.3 billion in debt in a statement posted to London Stock Exchange...
BR Shetty Pledges To Clear His Name; Accuses ‘Current and Former Executives’ of ...
Indian businessman and billionaire BR Shetty has sent out a strongly-worded message in which he has said that he intends to clear his name...
Troubled NMC Health To Delist From London Stock Exchange
NMC Health has requested the London Stock Exchange to delist its shares, eight years to the month after it listed there.
The embattled UAE-based healthcare...
ADCB Initiates Criminal Proceedings Against NMC Health Officials
Abu Dhabi Commercial Bank (ADCB) has begun criminal proceedings against NMC Health officials for their alleged involvement in the financial irregularities.
ADCB, which has the...
Debt-Ridden NMC Health Gets New Board Of Directors
The UK-court appointed administrators of NMC Health announced the formation of a new board of directors who have been tasked with the implementation of...
EY Resigns As Auditor Of Finablr Citing ‘Concerns’
Ernst & Young (EY) has resigned as auditor of Finablr, citing concerns over corporate governance and the makeup of the board.
EY announced its decision...
UAE’s Central Bank Takes Over UAE Exchange’s Operations
In the latest to the Finablr fiasco, the Central Bank of UAE (CBUAE) will be taking over the operations of UAE Exchange, which was...
Mubadala-Funded Firm acquires 3.4 per cent stake in Finablr
MIC Capital Partners – owned and managed by Mubadala Capital, a unit of Mubadala Investment Co – has acquired a 3.4 per cent stake...
UAE Exchange Temporarily Suspends New Transactions
The UAE Exchange has temporarily suspended any new transactions at all of its branches and its online platforms.
According to an e-mail statement, the temporary...
