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NMC Health founder intends to rebuild his business empire and repay debts, he says
Dr BR Shetty, managing director and CEO of NMC Group (NMC Specialty Hospital, UAE Exchange, Neopharma), sits for a portrait in his office. Ryan Carter / The National
Dr BR Shetty, founder of BRS Ventures, Finablr and NMC Health, in 2019. Reem Mohammed / The National
Dr BR Shetty, founder of BRS Ventures, Finablr and NMC Health. Ryan Carter / The National
Dr BR Shetty, founder of BRS Ventures, Finablr and NMC Health. Ravindranath K / The National
Dr. B R Shetty and his son, Binay at the NMC Hospital in Abu Dhabi. Andrew Parsons / The National
NMC Health founder intends to rebuild his business empire and repay debts, he says
Dr BR Shetty, managing director and CEO of NMC Group (NMC Specialty Hospital, UAE Exchange, Neopharma), sits for a portrait in his office. Ryan Carter / The National
Dr BR Shetty, founder of BRS Ventures, Finablr and NMC Health, in 2019. Reem Mohammed / The National
Dr BR Shetty, founder of BRS Ventures, Finablr and NMC Health. Ryan Carter / The National
Dr BR Shetty, founder of BRS Ventures, Finablr and NMC Health. Ravindranath K / The National
Dr. B R Shetty and his son, Binay at the NMC Hospital in Abu Dhabi. Andrew Parsons / The National
Woman (19) disqualified from driving for allowing friend to drive her car A 19-YEAR-OLD woman has been disqualified from driving for two weeks after allowing her friend to drive her car. Enniskillen Magistrates Court heard on Monday that at 2:35pm on April 2, police observed a Volkswagon Golf travelling on the Cornagrade Road with a male driver and the defendant, Tanya Williamson, of Chanterhill Park, Enniskillen, in the back seat. The defendant claimed to police that she had been drinking and was unable to drive her car. When questioned by the police, Williamson admitted she knew that permitting driving with no insurance was an offence. Defence solicitor Michael Fahy claimed that the defendant “believed that this was covered in her insurance”.
“We also continue to see positive results from our extensive involvement in the UAE’s push for sustainability. Our plants are modern, clean, efficient, reliable and instrumental in reducing environmental impact. That’s undoubtedly good for business and we’re at the very heart of this progressive country’s green agenda.”
Tabreed, in which French utility Engie and Mubadala Investment Company own significant stakes, currently operates 86 district cooling plants across the Gulf, 73 of which are in its home market in the UAE. It operates five plants in Oman, three in Saudi Arabia and one in Bahrain.
The company is currently in talks with fellow shareholders in Qatar Cooling Company about a potential sale of its stake, according to a note in its financial statements. It expects a deal to be reached within the next 12 months.