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  • 23-06-15

    Kuwait's Investment Dar to sign USD2.69b debt restructuring plan

    (MENAFN) Kuwait's Investment Dar is presently looking forward to sign a USD2.69 billion debt restructuring strategy with multiple investors, according to corporate statements, Reuters reported.

    The move comes after the court's rejection of the firm's plea against a decision to remove protection it had against legal action by creditors. Now, Dar is mulling over several options with its consultants regarding its upcoming move.

    Investment Dar was one of a group of domestic commercial firms which struggled to refinance debt in the aftermath of the global economic crisis.

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