The Investment Dar CO [ABCBN.UL] Restructuring Update

Thu Apr 7, 2011 2:52am EDT

Related Topics

 
 Restructuring Update
 
 7 April 2011
 
 7 April 2011, Kuwait City - The Board of Directors of The Investment Dar Co. K.S.C.C. ("The Board") met yesterday in Kuwait to approve the long form term sheet of the restructuring plan. T
1751457901
1701997856
 
 Following the Board Meeting, TID's management advised Board members that their understanding is that the majority of banks and investors have voted in favour of the restructuring plan
 
 Mr Ghanem Al Ghanem, Vice Chairman of The Investment Dar commented
 
 We are pleased to have approved the long form term sheet of the restructuring plan. The Board remains in complete agreement with the Coordinating Committee that the plan represents a worka
1651270944
1920147572
 
 The Company and the Coordinating Committee will present the agreed long form term sheet and an update on Bank and Investor feedback on the plan at today's hearing of the Special Circuit Co
1970435104
 
 
 =======================================================
 DISCLAIMER - The content and accuracy of the information
contained in company news releases published on this service is
the responsibility of the originating company and not of
Reuters. [While Reuters makes every effort to verify with the
company concerned that any news release is genuine, it does not
perform any other checks to verify the content or accuracy of
the information in question].
 Reuters: E-mail CEDPressReleases-Bangalore@reuters.com or
pressrelease@thomsonreuters.com or call on Hotline +91 80 6677
1100 or Derek Ryan on + 44 207 542 7992, e-mail
derek.ryan@reuters.com
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.