Shares in the healthcare firm closed down almost 16 per cent as the market reacted to a statement saying
The pair's statement about the sale came just a month after a damning report from US shortseller
The short-seller said it had "serious doubts" about NMC's financials statements, including its asset values and reported profits and debts. This was branded "false and misleading" by NMC.
Nevertheless, the attack by
The decision of al-Qebaisi and al-Muhairi to sell off their shares has now plunged the company into further turmoil.
(c) 2020 City A.M., source