Al-Taweel was born in Riyadh, Saudi Arabia. “In an absolute worst case scenario the shares may never trade again—this is what happened with FTSE 100 member Polly Peck International in 1990 when its shares were suspended after an SFO [Serious Fraud Office] raid on its offices amid concerns over its accounting, debts and the alleged use of shares as collateral,” said Russ Mould, investment director at 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. According to Instagram, Al Taweel and Al Muhairi have named their son Zayed. * 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: 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. 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. Khalifa is an Emirati with a degree in Finance from Suffolk University, Boston. Earlier this week, NMC removed Mr Al Muhairi and chairman BR Shetty from board discussions on concerns that they may have misstated their stakes. 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. The 34-year-old philanthropist was in the city of love for her secret wedding where she tied the knot with Emirati entrepreneur and billionaire Khalifa bin Butti al-Muhairi, the chairman of KBBO Group, an Abu Dhabi-based group with investments in healthcare, money exchange and retail. She was raised by her divorced mother and her grandparents in Riyadh. Shares in Early life. The crisis at NMC is one of the worst stock market disaster stories of recent times and has highlighted the corporate governance of overseas companies that list in London. 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. The back story. The company will continue to be bound by listing, transparency and disclosure rules.”. (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. He kicked off his career at the Abu Dhabi National Oil Company (ADNOC), where he accumulated experience in the finance sector. He has a net worth of $1.2 Billion. Meanwhile, Khalifa bin Butti Al Muhairi is a renowned businessman. Founded in 2004, KBBO Group is an Abu Dhabi-based group with investments in healthcare, money exchange, and retail. Shetty dated 23 February 2020 (RNS Number: 9315D). Saudi Arabia's Princess Ameerah Al-Taweel was spotted in Paris last month – and it wasn’t for Fashion Week. NMC Health 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. Her father is Aidan bin Nayef Al-Taweel Al-Otaibi. 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. He is a large shareholder in NMC Health- the largest private healthcare provider in the U.A.E. Khalifa Bin Butti Al Muhairi is the founder and Chairman of KBBO Group. 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.”. “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 Khalifa bin Bhutti Al Muhairi heads the family-owned conglomerate that was founded by his businessman grandfather, the late Omeir Bin Yousef Al Muhairi. Khalifa Bin Butti Al Muhairi is the chairman of KBBO Group, an Abu Dhabi-based group with investments in healthcare, money exchange and retail. Royal Coverage “Life is back to normal, I forgive and forget at the same time” – Prince Waleed. 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 … Khalifa Bin Butti Al Muhairi is one of the most recognized UAE business leaders with over 15 years’ experience in entrepreneurship and financial investments. Royal Coverage. © Copyright 2014 - 2021, All Rights Reserved. Khalifa is an Emirati with a degree in Finance from Suffolk University, Boston. Princess Ameera Al-Taweel of Saudia Arabia said ‘I do’ to Emirati billionaire Khalifa bin Butti al-Muhairi, 39, on September 9 during a discreet but opulent ceremony in the City of Love. Founded in 2004, KBBO Group is an Abu Dhabi-based group with investments in healthcare, money exchange, and retail. Shares in Kekayaan miliarder 39 tahun itu ditaksir mencapai USD 1,5 miliar atau setara RP 22,9 triliun (US$ 1 = Rp 15.305). 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. 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. 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. The private ceremony had an exclusive guest list that included Oprah Winfrey. We have covered everything about his age, wedding to net worth here. Abaya is not necessary for women – Saudi Crown Prince. See also: Business Person of the Week: Strive Masiyiwa. Save my name, email, and website in this browser for the next time I comment. KBBO Chairman Khalifa Bin Butti Omeir Al Muhairi stepped down as vice-chairman of embattled NMC in February amid confusion over the exact … 27 February 2019. As the Executive Vice Chairman of NMC Health, Khalifa led its successful IPO and premium listing on the London Stock Exchange in 2012. He is the Executive Vice Chairman of Centurion Investment. 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. Saudi Arabia's Princess Ameerah Al-Taweel married billionaire Khalifa Bin Butti Al Muhairi in early September. Your email address will not be published. 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.” A Saudi princess has secretly married a UAE-based entrepreneur 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 Thank you for your request, one of our representative will get back to you shortly, Business Person of the Week: Strive Masiyiwa. (1) Khaleefa Butti Omair Yousif Al Muhairi; and (2) Saeed Mohamed Butti Mohamed Al Qebaisi. That was when U.S. based short seller Muddy Waters acquired a short position in NMC and published a report raising “serious doubts” about the company’s finance, and accused it of manipulating its balance sheet to understate debt. 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.”. Finablr, An error has occurred, please try again later. Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. The company became the first from Abu Dhabi to join London’s prestigious FTSE 100 index of blue-chip stocks in 2012.