Kuwait's Investment Dar meets with reconstituted coordinating group

By Caroline Salls

Pittsburgh, Jan. 10 - The Investment Dar Co. KSCC held its first face-to-face meeting with a recently reconstituted coordinating committee in preparation for a bank and investors meetings scheduled for Jan. 17 and Jan. 18, according to a news release.

At the meeting with the coordinating committee, the documentation related to the official engagement of the committee was finalized.

The committee's membership now includes Jordan International Bank, ABC Islamic Bank, Lloyds TSB, Al Rajhi Bank, the Islamic Development Bank and Bank of Bahrain & Kuwait, Kuwait branch.

The company and the committee also agreed on the appointments of financial adviser Deloitte Corporate Finance and legal adviser Allen & Overy to the committee.

In addition, Investment Dar and the committee kept chief restructuring officer Mike Grant of Aaronite Partners in place.

Investment Dar is a Kuwaiti shareholding company.

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