Middle East Economic Survey

VOL. LII

No 51-52

21/28-Dec-2009

KUWAIT

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...