Ithmar Capital boss becomes NMC Health chairman after it acquires 9% stake - The National

Ithmar Capital boss becomes NMC Health chairman after it acquires 9% stake - The National:

NMC Health said its non-executive chairman, Mark Tompkins, stepped down from the board with “immediate effect”.

It has appointed Ithmar Capital’s managing partner, Faisal Belhoul, executive chairman after the private equity company based in Dubai took a 9 per cent stake in NMC.

Mr Tompkins had been joint non-executive chairman of NMC Health since 2012 alongside the company’s founder, BR Shetty.

Mr Shetty stepped down from his position as joint non-executive chairman of the struggling company last month after disclosures about its governance.

“The board confirms that following a period of ill health over the last few weeks, which has prevented him from participation in board activities, Mr HJ Mark Tompkins has left the board and ceased to be chairman and a director of the company with immediate effect,” NMC Health said after markets closed on Thursday.