The Investment Dar Company

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Recent Articles

• Kuwait bourse warns 25 firms over late Q3 results12 November 2009

  Comm Bank of Kuwait, Burgan Bank among firms whose stocks face possible suspension.

• Dar's Bahraini unit extends claims freeze to 201010 November 2009

  Unit in the midst of a debt restructuring extends its standstill agreement to Mar 31, 2010.

• Investment Dar extends talks on restructuring13 October 2009

  Troubled Kuwaiti firm extends deadline to deal with banks, investors 'fairly'.

• Investment Dar appoints chief restructuring officer4 October 2009

  Kuwait firm, part owner of Aston Martin, makes move after defaulting on $100m debt issue.

• Investment Dar in new deal over restructuring27 September 2009

  Kuwaiti company enters 'standstill agreement', appoints restructuring officer.

• Kuwait central bank appoints monitor for Investment Dar 7 September 2009

  Initiative comes after firm's failure to submit accounts and complaints about its activities.

• Global Investment House slumps to $101m Q2 loss 9 August 2009

  UPDATE 1: Kuwait firm misses analyst forecast that had been looking for a profit.

• Sukuk defaults seen rising as global slowdown weighs10 July 2009

  $1 trillion Islamic finance industry begins to feel the chill of the global downturn.

• RLPC-Saudi loan restructuring to hit Gulf borrowing29 June 2009

  Saad, Algosaibi troubles could crimp lending to Saudi, say banking sources.

• Kuwait's KIA to auction stake in Boubyan 22 June 2009

  UPDATE 1: Sovereign wealth fund looking to offload 20% stake via public auction in July. 

• Kuwait's Global hikes capital amid financial crisis15 June 2009

  Generating fee income, rather than conducting fire sales, is major aim as firm restructures.

• Investment Dar files police complaint against CBK 27 May 2009

  Criminal complaint relates to Dar's right to buy back stake in Boubyan Bank.

• Investment Dar denies bailout talks with Kuwait bank 21 May 2009

  No negotiations being held with Kuwait's central bank on back of $100m sukuk default.

• Dar gets ratings downgrade18 May 2009

  Kuwait-based investment company's foreign currency debt now accorded default status.

• Dar defaults on $100m sukuk12 May 2009

  Credit crisis bites for Kuwait-based Aston Martin owner as it fails to meet bondholders' payments.

• Kuwait financial sector 'nearly stable'9 May 2009

  Central bank governor says too early to tell whether it has totally overcome impact of global crisis.

• 'Worst over' for Kuwaiti banking sector12 April 2009

  Q1 profits expected to decline year on year, but improve from losses in prior quarter.

• Investment Dar delays release of 2008 earnings4 April 2009

  Kuwait-based Islamic investment firm needs extra time to value assets of subsidiairies.

• Kuwait bourse bans 36 firms from trading1 April 2009

  Companies, including major investment firms, penalised for failing to publish their 2008 earnings on time. 

• Aston Martin safe from Kuwaiti owner's asset sale17 March 2009

  Investment Dar Co that owns 50% of Aston has plans to sell off 'non-core assets'. 

• Kuwait ruler accepts cabinet resignation16 March 2009

  UPDATE 3: Economic stimulus plan under threat as fifth cabinet in two years hands in its resignation.

• Investment Dar may sell assets to meet obligations16 March 2009

  Kuwaiti Islamic firm says it may offload assets as its seeks to restructure its debt.

• Investment Dar meets with investors and creditors2 March 2009

  Kuwaiti firm holds initial meetings ahead of March 16 plan to restructure debts.

• Kuwait's Dar says still in talks on debt scheduling16 February 2009

  Investment Dar denies Monday's newspaper report on finishing debt rejig plans this week.

• Kuwait's Dar to mull debt rescheduling12 February 2009

  Owner of luxury carmaker Aston Martin plans to discuss financial rejig with creditors next month.