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Kuwait’s Investment Dar will present creditors and investors this month with a proposal to restruc-ture about $3.5 billion of its debt, a Dar spokesman said yesterday.
Tags: Kuwait, Jalīb aš-Šuyūẖ, Aston Martin, Investment Dar, University of North Texas, Default, Credit, Debt, Finance, Business Finance
Kuwait's troubled Investment Dar has reached a standstill agreement with its debtors to suspend claims as the top Islamic firm agreed to a restructuring plan, a statement said yesterday. The deal was reached after talks with a coordinating committee representing...
Tags: Kuwaiti, Aston Martin, Investment Dar, standstill agreement, Kuwait, Jalīb aš-Šuyūẖ
Kuwait Finance House (KFH) denied yesterday news reports about it filing a suit over Investment Dar's bankruptcy. A press release by KFH revealed that the house had attended a meeting on the bankruptcy of Investment Dar but did not file any document or...
Tags: Investment Dar, Zain