Investment Dar creditors okay debt plan

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.

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Published: Wed 23 Jul 2014, 9:58 PM

Last 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.

Published: Wed 23 Jul 2014, 9:58 PM

Last updated: Tue 7 Apr 2015, 10:24 PM

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