Oman’s largest financial institution on Tuesday announced that it has no direct exposure to the UAE-based embattled NMC Healthcare.
Responding to the Muscat Securities Market’s instructions, Bank Muscat in its disclosure said, ‘We would like to inform the market that Bank Muscat does not have any direct exposure to NMC Healthcare Group. Bank Muscat has only a guarantee limit of RO250,000 to a related company in Oman (Unimoni Exchange LLC). This guarantee is secured against 100 per cent cash margin.’
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