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FINANCIAL NEWS
Kuwait’s Investment Dar to sign USD2.69b debt restructuring plan
23 Jun 2015
(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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