Kuwait's Investment Dar's coordinating committee reconstituted

By Caroline Salls

Pittsburgh, Dec. 22 - The Investment Dar KSCC said the membership of a coordinating committee of its banks and investors has been finalized, according to a news release.

The company said four members of the reconstituted committee were members when the group resigned at the end of November, including Jordan International Bank, ABC Islamic Bank, Lloyds TSB and Al Rajhi Bank.

They are joined by two new members, the Islamic Development Bank and Bank of Bahrain & Kuwait (Kuwait Branch).

"We are pleased to see institutions of the reputation and caliber of Bank of Bahrain & Kuwait and Islamic Development Bank joining what is a very experienced existing core on this reconstituted committee, and we are hoping that a restructuring can be achieved in the near future in the best interests of all TID's stakeholders," Investment Dar chairman Adnan Al-Musallam said in the release.

Investment Dar is a Kuwaiti shareholding company.

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