Mubasher: Al Ahli Bank of Kuwait (ABK) said that its exposure to the NMC Healthcare Group amounts to $26.28 million (KWD 8.11 million) and AED 65.44 million ($5.49 million).
The Kuwaiti lender has no exposure to any subsidiary of NMC, according to a bourse statement on Tuesday.
ABK added that it is difficult to assess the material impact on its financial statements at the moment, noting that it will disclose any relevant developments in due course.
In the fiscal year (FY) 2019, ABK recorded KWD 28.7 million worth of profits, down by 32% from KWD 42.12 million in 2018.
