Finablr
UAE-based NMC Healthcare Placed In Administration
Middle East Business News - Published date: .
Move will allow group to secure additional $325m financing facility, while protecting the business from creditor action Read more
BR Shetty Steps Down As Co-chair And Director Of Finablr
Middle East Business News - Published date: .
UK's HMRC has moved to suspend business registrations of UAE Exchange UK Ltd. and Xpress Money Services Ltd Read more
Travelex Lenders To Take Control Of Firm As Part Of New Agreement
Middle East Business News - Published date: .
The embattled company will be split into two separate platforms, Travelex said in an update Read more
Finablr's Auditors EY Resign Over List Of 'concerns'
Middle East Business News - Published date: .
Non-executive directors Abdulrahman Basaddiq and Bassam Hage have also resigned Read more
Embattled Finablr-owned Travelex Goes Up For Sale
Middle East Business News - Published date: .
BR Shetty has resigned from the board off Travelex, although he remains in place as chairman and majority stakeholder at... Read more
Finablr Appoints US Investment Bank As Independent Financial Advisor
Middle East Business News - Published date: .
Earlier in April, Finablr also announced that it appointed former Network International CEO Bhairav Trivedi as CEO Read more
UAE-based NMC Heads To Administration After Bowing To Creditor Demands
Middle East Business News - Published date: .
Most of NMC's senior management has resigned since it revealed more than $4 billion of undisclosed debt. Read more
Dubai Islamic Slumps As NMC Exposure Risks Wiping 45% Of Profit
Middle East Business News - Published date: .
Dubai-based bank had about $425m of exposure at the end of March, while NMC owed its subsidiary Noor Bank about $116m Read more
Dubai Islamic Bank, Noor Bank Exposure To NMC At $541m
Middle East Business News - Published date: .
Abu Dhabi Commercial Bank has requested NMC be placed in administration Read more
Finablr's $200m IPO To Be Completed By Mid-May
Middle East Business News - Published date: .
Finablr CEO Promoth Manghat said he expects the listing will allow the firm to scale up and explore new opportunities in... Read more
UAE Payment Firm Finablr To Launch London IPO
Middle East Business News - Published date: .
Holding firm Finablr is behind brands UAE Exchange, Travelex Holdings and Xpress Money Read more