Abu Dhabi Commercial Bank PJSC has lent more than $1 billion to NMC Health PLC, Bloomberg News reported, citing sources.
The troubled healthcare company also has large outstanding loans from HSBC Holdings PLC, JPMorgan Chase & Co. and Standard Chartered PLC
The company has been caught up in a controversy after U.S.-based hedge fund Muddy Waters published a report questioning NMC's asset value, cash balance, reported profits and debt levels.
After the release of the report, NMC declared that it had roughly $3.9 billion in undisclosed liabilities.
The company suspended its shares on the London Stock Exchange and removed CEO Prasanth Manghat in February 2019.