Finablr is also dealing with a cyber attack at its currency exchange business Travelex Phil Noble/ReutersShares in NMC and Finablr plunged once again this morning as two of the companies’ key investors were forced to sell a huge chunk of their shares. Saeed Mohamed al-Qebaisi and Khalifa Butti al-Muhairi sold £375 million worth of shares in NMC, the UAE-focused hospital operator, for £12 each, a 20 per cent discount to last night’s closing price. The pair also offloaded £55 million of stock in Finablr, which owns the Travelex foreign exchange business that is dealing with a cyber attack, at £1.35, 13 per cent below where the shares closed at yesterday. Mr Qebaisi and Mr Muhairi said that they were cutting their holdings in order to pay off debts. The nature of the share sale suggests that they were selling stock…

Source: The Times January 08, 2020 12:11 UTC