20 Feb 2015
(MENAFN) Kuwait’s Investment Dar is set to agree on USD2.8 billion debt restructuring plan despite minority resistance by some investors, Gulf Daily News reported.
The company secured around 60 percent support for the plan in which creditors will voluntarily exchange debt for a direct debt claim and equity stake in a new holding company so its ownership will be given to Investment Dar’s assets.
The original debt deal was in 2011 and reached USD3.37 billion. The firm then paid some creditors and settled with others in deals that involved exchanging debt for a stake in assets.
Kuwait Finance House (KFH) rejected Dar’s plan and is set to take all possible legal measures to collect the debt it is owed. KFH holds about 6 percent of the debt Investment Dar is aiming to restructure.
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more