April 7, 2011 / 6:53 AM / 7 years ago

The Investment Dar CO [ABCBN.UL] Restructuring Update

 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
 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
 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
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