The Abu Dhabi Global Market Court has found NMC Health founder Dr Bavaguthu Raghuram Shetty and former executive Prasanth Manghat liable for fraudulent and wrongful trading in the group's 2020 collapse. Presiding Justice Sir Andrew Smith established $5.397 billion as the baseline figure to assess contributions they must repay to the insolvent company's assets. The court determined that both individuals knowingly operated the business fraudulently and concealed borrowings between 2012 and 2020.
Abu Dhabi National Energy Company (TAQA) has priced a $1.75 billion dual-tranche bond offering comprising green and conventional notes, achieving oversubscription of more than three times. The deal marks the first public benchmark bond by an Abu Dhabi government-related entity since March 2026. China's ICBC served among the joint bookrunners and lead managers alongside regional and international banks.
Abu Dhabi National Energy Company (TAQA) has priced a $1.75 billion dual-tranche bond offering that was oversubscribed more than three times. The issuance comprises $1.1 billion in five-year green notes and $650 million in 10-year conventional notes, with settlement expected on October 26, 2026. Industrial and Commercial Bank of China joined international and regional lenders as a joint bookrunner and lead manager.
Masdar and Emirates Water and Electricity Company are developing a $6.1-billion continuous clean energy project in Abu Dhabi. The system integrates a 5.2 GW solar photovoltaic plant with 19 GWh of battery energy storage to supply 1 GW of baseload power. A 13-bank consortium that includes Bank of China is providing a $5.1-billion financing package.
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