Investment Dar creditors looking to restructure debt
Creditors of Kuwait's debt-laden Investment Dar, whose assets include property and finance, are close to forming a team to negotiate a deal on the company's latest plan to restructure KWD813mn in debt. Investment Dar, whose assets include a stake in the owner of Dubai's "The World" islands project, has made several efforts to restructure its debt since running into trouble in the wake of the 2008 global financial crisis, but with mixed success. It paid off some creditors after signing a deal linked to other assets in 2011 covering about KWD1bn. (Reuters)
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