Taageer Finance on Monday informed Muscat Securities Market (MSM) that it has an exposure of RO1.23mn to the troubled NMC Healthcare and its group companies.
In a filing to the MSM, Taageer Finance said it had received a communication from the exchange last week to disclose the exposure to NMC Healthcare. “We hereby inform that the total outstanding due amount as on date against the facilities given to NMC Healthcare by Taageer Finance Co is equal to RO1.23mn.”
Following the directives of MSM, two other finance companies, Al Omaniya Financial Services and United Finance, have also made the disclosure about their exposure to NMC Healthcare. Both companies have said they didn’t have any exposure to the troubled firm.