https://www.forbes.com/profile/khalifa-bin-butti-al-muhairi Save my name, email, and website in this browser for the next time I comment. Khalifa Bin Butti Al Muhairi is the founder and Chairman of KBBO Group. Royal Coverage “Life is back to normal, I forgive and forget at the same time” – Prince Waleed. At the time, NMC described the report as “false and misleading,” but launched an investigation into its finances, led by ex-FBI director Louis Freeh. Nearly a year after Saudi Arabia's former Princess Ameerah Al Taweel tied the knot with Emirati entrepreneur and billionaire Khalifa bin Butti Al Muhairi, the couple welcome their first child together. Khalifa Bin Butti Al Muhairi Khalifa bin Bhutti Al Muhairi heads the family-owned conglomerate that was founded by his businessman grandfather, the late Omeir Bin Yousef Al Muhairi. Ameera Al-Taweel marries Khalifa bin Butti Al Muhairi. He also serves as the Chairman of Travelex Group Limited, Infinite Investment, and First Energy Bank. (1) Khaleefa Butti Omair Yousif Al Muhairi; and (2) Saeed Mohamed Butti Mohamed Al Qebaisi. 520k Followers, 601 Following, 1,958 Posts - See Instagram photos and videos from Khalifa Saeed (@khalifasaeed) It will all depend on what the independent inquiry uncovers in terms of NMC’s finances — the real extent of its debt, the real value of its assets, the strength of its cash flows and the degree of clarity that can be gained with regard to its shareholder structure and how many shares have been pledged as collateral against any borrowings. Billionnaire Khalifa Bin Butti Al Muhairi's big cyber-security ambitions The Al Muhairi heir is hoping to turn into a lead player in the cyber-security sector in the Gulf region with the firm Spectrami. He added: “In a more optimistic scenario, the inquiry provides clarity on debt, cash flows, asset valuations and the company’s accounts so investors can take a rational view of the valuation and whether any fresh funding is needed or not.”. 27 February 2019. Among those who flocked to Paris for the ceremony were Oprah Winfrey and Gayle King, who rubbed shoulders with the Saudi elite and a number of UN employees who have […] This copy is for your personal, non-commercial use only. When and at what price the shares will resume trading is impossible to say. Thank you for your request, one of our representative will get back to you shortly, Business Person of the Week: Strive Masiyiwa. NMC Health Shetty dated 23 February 2020 (RNS Number: 9315D). In 2006, he was appointed Chairman and CEO of Brokerage House Securities LLC, a firm he co-founded. The company will continue to be bound by listing, transparency and disclosure rules.”. Just days earlier, the company revealed that the holdings of Shetty and his two Emiraiti partners — Saeed Bin Butti Al Qebaisi and Khalifa Bin Butti Al Muhairi — had been “incorrectly reported.” * KHALEEFA BUTTI OMAIR YOUSIF AHMED AL MUHAIRI DISCLOSES 3.14% STAKE IN NMC VERSUS PRIOR STAKE OF 19.73% - FILING Source text for Eikon: Further company coverage: https://www.barrons.com/articles/nmc-health-suspends-shares-after-ceo-sacking-heres-what-could-happen-next-51582807211. Al Taweel tied the knot with Prince Al Waleed in 2005, before the two amicably split in 2013. Saudi Arabia's Princess Ameerah Al-Taweel was spotted in Paris last month – and it wasn’t for Fashion Week. Meanwhile, finance chief Prashanth Shenoy has been “granted extended sick leave.”. Michael Davis, chief operating officer, will take over as interim CEO. Khalifa Bin Butti Al Muhairi is one of the most recognized UAE business leaders with over 15 years’ experience in entrepreneurship and financial investments. “At KBBO Group, our operations are rooted in a solid commitment to drive innovative investments across a diverse range of industries. Khalifa Bin Butti Al Muhairi is the founder and Chairman of KBBO Group. Saeed Bin Butti are also seeking urgent clarification in relation to the 324,210 Ordinary Shares that they understand are being held by Al Salam, and in relation to which they note the Form 8.3 announcement published by Dr B.R. For the best Barrons.com experience, please update to a modern browser. Just days earlier, the company revealed that the holdings of Shetty and his two Emiraiti partners — Saeed Bin Butti Al Qebaisi and Khalifa Bin Butti Al Muhairi — had been “incorrectly reported.”, What's new. Founder and billionaire co-chairman Bavaguthu Raghuram Shetty abruptly quit the board on Feb. 17, leaving Mark Tompkins as the sole chairman. An error has occurred, please try again later. On Thursday, NMC said that the U.K. watchdog, the Financial Conduct Authority, had agreed to its request for a temporary suspension of trading in its shares “to ensure the smooth operation of the market.”, The company added that it was “focused on providing additional clarity to the market as to its financial position and to restoring its admission to trading. Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. were suspended on Thursday morning after the battered FTSE 100 health-care provider sacked its chief executive just hours after an independent investigation revealed “discrepancies” in its finances. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. NMC, the largest private hospital operator in the United Arab Emirates, has seen its stock crash by almost 70% since Dec. 17 2019. The back story. NMC said an internal investigation of its finances had identified supply chain financing arrangements that were “understood to have been used” by entities controlled by founder Shetty and Al Muhairi. See also: Business Person of the Week: Strive Masiyiwa. Categories. The muddle looks to involve not just Shetty but two other cornerstone investors, vice-chairman Khalifa Bin Butti Al Muhairi and Saeed Mohamed Al Qebaisi. Established in 2008, KBBO Group is a diversified investment company headquartered in the UAE with operations across the MENA region, Europe, and the United States. We have covered everything about his age, wedding to net worth here. Bin Butti Holding Group meets Niger: Building relationship for New Investments. Ameera Al-Taweel marries Khalifa bin Butti Al Muhairi - Life in Saudi Arabia. Shares in NMC Health were suspended on Thursday morning after the battered FTSE 100 health-care provider sacked its chief executive just hours after an independent investigation revealed “discrepancies” in its finances. A Saudi princess has secretly married a UAE-based entrepreneur Your email address will not be published. Khaleefa Bin Butti and H.E. Founded in 2004, KBBO Group is an Abu Dhabi-based group with investments in healthcare, money exchange, and retail. (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. Al-Taweel was previously married to Prince Alwaleed bin Talal, one of the richest men in the world. Finablr, The UAE freezing directive, which was issued by the central bank last week, extends to two other NMC shareholders, Khalifa al-Muhairi and Saeed Mohamed Butti Mohamed al-Qebaisi, the sources, who had seen the order, told Reuters. Founded in 2004, KBBO Group is an Abu Dhabi-based group with investments in healthcare, money exchange, and retail. These had not been approved by the board of NMC nor disclosed to the market. He kicked off his career at the Abu Dhabi National Oil Company (ADNOC), where he accumulated experience in the finance sector. He is the Executive Vice Chairman of Centurion Investment. Princess Ameera al-Taweel has married another billionaire Khalifa Bin Butti Al Muhairi. This copy is for your personal, non-commercial use only. Don’t worry! Khalifa bin Butti Al Muhairi Net worth As we know that the net worth of the first husband of Princess Ameera al-Taweel, Prince Waleed bin Talal is around Since she gave birth to her child 'Zayed' from her Emirati billionaire husband Khalifa Bin Butti Al Muhairi last September, the hand of the baby in the picture matches a … Al-Taweel was born in Riyadh, Saudi Arabia. The private ceremony had an exclusive guest list that included Oprah Winfrey. Kekayaan miliarder 39 tahun itu ditaksir mencapai USD 1,5 miliar atau setara RP 22,9 triliun (US$ 1 = Rp 15.305). The humanitarian is the vice-chairperson of charitable organization, Alwaleed Philanthropies. KBBO Chairman Khalifa Bin Butti Omeir Al Muhairi stepped down as vice-chairman of embattled NMC in February amid confusion over the exact … Carson Block, CEO of Muddy Waters, said: “At this point, the company’s announcements speak for themselves and seem to be even more damning than our initial report was.”. © Copyright 2014 - 2021, All Rights Reserved. the FTSE 250-listed payments firm also founded by Shetty, fell almost 16% at 11 a.m. GMT.