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FINANCIAL NEWS
Kuwait’s Dar Investment targets USD 2.7bn debt
23 Mar 2016
(MENAFN) Kuwaiti financial company Investment Dar has started discussions with creditors almost a new USD 2.7bn debt reform plan.
Moreover, the firm whose main assets are in finance and property has made a several efforts to pay off creditors after getting indebted during the financial crisis.
However, it most current plan failed last month, when Kuwait’s court of Appeal refused an application under the country’s financial stability law.
Additionally, creditors would have been given direct control of a vehicle owning the firm’s assets, cutting any legal links to Investment Dar.
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