KUWAIT: Kuwait’s Investment Dar (TID) said on Monday it reached an agreement with its creditors and investors on a debt restructuring plan. In November, the Islamic investment firm presented its creditors and investors with a proposal to restructure about 1 billion dinars ($3.51 billion) of its debt.
The deal between Dar and its coordinating committee — which represents all creditors and investors — endorsed the proposed five-year restructuring plan, it said in a statement.