Khalifa Bin Butti Al Muhairi is one of the most recognized UAE business leaders with over 15 years’ experience in entrepreneurship and financial investments. The humanitarian is the vice-chairperson of charitable organization, Alwaleed Philanthropies. 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.” 520k Followers, 601 Following, 1,958 Posts - See Instagram photos and videos from Khalifa Saeed (@khalifasaeed) KBBO Chairman Khalifa Bin Butti Omeir Al Muhairi stepped down as vice-chairman of embattled NMC in February amid confusion over the exact … © Copyright 2014 - 2021, All Rights Reserved. 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. 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. Bin Butti Holding Group meets Niger: Building relationship for New Investments. 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 (1) Khaleefa Butti Omair Yousif Al Muhairi; and (2) Saeed Mohamed Butti Mohamed Al Qebaisi. 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.”. Ameera Al-Taweel marries Khalifa bin Butti Al Muhairi. Shares in The back story. 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. https://www.forbes.com/profile/khalifa-bin-butti-al-muhairi Finablr, Meanwhile, finance chief Prashanth Shenoy has been “granted extended sick leave.”. Khalifa is an Emirati with a degree in Finance from Suffolk University, Boston. 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. Founder and billionaire co-chairman Bavaguthu Raghuram Shetty abruptly quit the board on Feb. 17, leaving Mark Tompkins as the sole chairman. NMC Health 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. 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. See also: Business Person of the Week: Strive Masiyiwa. Your email address will not be published. Harnessing and capitalising on key opportunities in rapidly-growing regional markets, we continue our growth trajectory by making game-changing acquisitions and upgrading operations to support our long-term plans. 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.”. The company became the first from Abu Dhabi to join London’s prestigious FTSE 100 index of blue-chip stocks in 2012. Khalifa is an Emirati with a degree in Finance from Suffolk University, Boston. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Michael Davis, chief operating officer, will take over as interim CEO. He has a net worth of $1.2 Billion. NMC said after Wednesday’s market close that it had fired its CEO Prasanth Manghat “with immediate effect.” The company added: “As a result of these issues and a belief that the independent review has been obstructed,” it was also suspending one member of its treasury team. UAE hospitals operator NMC Health said its vice chairman Khalifa Al Muhairi had resigned on Friday with immediate effect.. Among those who flocked to Paris for the ceremony were Oprah Winfrey and Gayle King, who rubbed shoulders with the Saudi elite and a number of UN employees who have […] Earlier this week, NMC removed Mr Al Muhairi and chairman BR Shetty from board discussions on concerns that they may have misstated their stakes. NMC, the largest private hospital operator in the United Arab Emirates, has seen its stock crash by almost 70% since Dec. 17 2019. She was raised by her divorced mother and her grandparents in Riyadh. Khalifa bin Butti Omeir bin Yousef is an entrepreneur and businessperson who founded Brokerage House Securities, CB Financial Services Ltd. and KBBO Group and … Kekayaan miliarder 39 tahun itu ditaksir mencapai USD 1,5 miliar atau setara RP 22,9 triliun (US$ 1 = Rp 15.305). He kicked off his career at the Abu Dhabi National Oil Company (ADNOC), where he accumulated experience in the finance sector. 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 … Categories. Shetty dated 23 February 2020 (RNS Number: 9315D). Putri Ameerah Al-Taweel dari Arab Saudi telah menikahi miliarder asal Uni Emirat Arab bernama Khalifa bin Butti Al Muhairi. For the best Barrons.com experience, please update to a modern browser. Al Taweel tied the knot with Prince Al Waleed in 2005, before the two amicably split in 2013. Founded in 2004, KBBO Group is an Abu Dhabi-based group with investments in healthcare, money exchange, and retail. According to Instagram, Al Taweel and Al Muhairi have named their son Zayed. Khalifa Bin Butti Al Muhairi is the chairman of KBBO Group, an Abu Dhabi-based group with investments in healthcare, money exchange and retail. Al-Taweel is a member of the board of trustees at Silatech and is now married to Emirati billionaire Khalifa bin Butti al Muhairi as his second wife, after his cousin. He is a large shareholder in NMC Health- the largest private healthcare provider in the U.A.E. * 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: He also serves as the Chairman of Travelex Group Limited, Infinite Investment, and First Energy Bank. Princess Ameera al-Taweel has married another billionaire Khalifa Bin Butti Al Muhairi. Founded in 2004, KBBO Group is an Abu Dhabi-based group with investments in healthcare, money exchange, and retail. He is the Executive Vice Chairman of Centurion Investment. The private ceremony had an exclusive guest list that included Oprah Winfrey. Khaleefa Bin Butti and H.E. 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. These had not been approved by the board of NMC nor disclosed to the market. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. “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 Al-Taweel was previously married to Prince Alwaleed bin Talal, one of the richest men in the world. Khalifa Bin Butti Al Muhairi is the founder and Chairman of KBBO Group. We have covered everything about his age, wedding to net worth here. When and at what price the shares will resume trading is impossible to say. The company will continue to be bound by listing, transparency and disclosure rules.”. Don’t worry! Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. Saudi Arabia's Princess Ameerah Al-Taweel married billionaire Khalifa Bin Butti Al Muhairi in early September. 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. Abaya is not necessary for women – Saudi Crown Prince. 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. Looking ahead. 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. the FTSE 250-listed payments firm also founded by Shetty, fell almost 16% at 11 a.m. GMT. For a trust, the trustee(s), settlor and beneficiaries must be … Meanwhile, Khalifa bin Butti Al Muhairi is a renowned businessman. https://www.barrons.com/articles/nmc-health-suspends-shares-after-ceo-sacking-heres-what-could-happen-next-51582807211. 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. As the Executive Vice Chairman of NMC Health, Khalifa led its successful IPO and premium listing on the London Stock Exchange in 2012. Thank you for your request, one of our representative will get back to you shortly, Business Person of the Week: Strive Masiyiwa. 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. Save my name, email, and website in this browser for the next time I comment. This copy is for your personal, non-commercial use only. 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. In 2006, he was appointed Chairman and CEO of Brokerage House Securities LLC, a firm he co-founded. We've detected you are on Internet Explorer. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. 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. An error has occurred, please try again later. 27 February 2019. Ameera Al-Taweel marries Khalifa bin Butti Al Muhairi - Life in Saudi Arabia. Her father is Aidan bin Nayef Al-Taweel Al-Otaibi. Al-Taweel was born in Riyadh, Saudi Arabia. Early life. This copy is for your personal, non-commercial use only. 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. (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. 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. Shares in A Saudi princess has secretly married a UAE-based entrepreneur 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. Khalifa bin Butti al-Muhairi is worth close to $2 billion, and founded the investment group KBBO Prince Al-Waleed was worth a reported $40 billion but lost a great deal of his wealth after his cousin, the crown prince, had him arrested for corruption One of the world’s most eligible royals is officially off the market. Royal Coverage “Life is back to normal, I forgive and forget at the same time” – Prince Waleed. January 2019 – Sheikh Hamed Bin Khadim Bin Butti Al Hamid, Chairman of Bin Butti Holding Group meet with The Niger President Mr. Mahamadou Issoufou and discussed the business plans for Niger. Royal Coverage. AJ Bell. Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. Life in Saudi Arabia. “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. Saudi Arabia's Princess Ameerah Al-Taweel was spotted in Paris last month – and it wasn’t for Fashion Week. lifeinsaudiarabia.net. For non-personal use or to order presentation-ready copies for distribution to your colleagues, clients or customers http... Vice-Chairperson of charitable organization, Alwaleed Philanthropies its Vice Chairman Khalifa Al Muhairi for New investments Mark... 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