The UAE Hospital Group announces the successful implementation of its comprehensive restructuring plan, which has received approval from the Abu Dhabi Primary Court. This milestone marks a new chapter in the group's journey, establishing a solid financial foundation and paving the way for sustainable growth in the future. The restructuring plan, approved under the UAE bankruptcy law, includes a significant reduction in debt, a new organizational structure, and a board of directors comprising renowned healthcare experts from both local and international levels, as well as additional funding to meet the group's operational and capital requirements. In commenting on the success of the restructuring, Christian Schumacher, the CEO of the restructured UAE Hospital Group, said: "The completion of the restructuring process marks a critical moment for the UAE Hospital Group, as we have reorganized our financial commitments and established a solid governance framework within the group, enabling us to continue providing exceptional healthcare services and achieve sustainable growth. I would like to express my gratitude to our patients who continue to place their trust in UAE Hospitals, as well as our employees, suppliers, creditors, and the court-appointed administrators for their support and cooperation throughout this process.
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