Sat, Dec 21, 2024 | Jumada al-Aakhirah 20, 1446 | DXB ktweather icon0°C

Investment Dar creditors okay debt plan

Top Stories

More than half the creditors of The Investment Dar agreed to a KD813 million ($2.9 billion) debt repayment plan, giving them the right to jointly manage its assets, two bankers with knowledge of the matter said.

Published: Wed 23 Jul 2014, 9:58 PM

Updated: Tue 7 Apr 2015, 10:24 PM

Creditors can hire a co-asset manager to oversee the portfolio after a 50 per cent approval threshold for the proposal was passed, the bankers said, asking not to be identified as terms aren’t public.



Next Story