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Investment Dar creditors okay debt plan
More than half the creditors of The Investment Dar agreed to a KD813 million ($2.9 billion) debt repayment plan, giving them the right to jointly manage its assets, two bankers with knowledge of the matter said.
Creditors can hire a co-asset manager to oversee the portfolio after a 50 per cent approval threshold for the proposal was passed, the bankers said, asking not to be identified as terms aren’t public.
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