Middle East Economic Survey
Investment Dar Agrees Restructuring Plan With Creditors
Islamic financier The Investment Dar (TID) has agreed to a restructuring plan with its creditors and investors, it announced on 8 December. The agreement follows due diligence and extensive discussions between TID and a coordinating committee of the creditors and investors. TID, which owns half of UK luxury carmaker Aston Martin, defaulted on $100mn of debt issued in May. The...