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Investment Dar offers new settlement to creditorsKuwaiti investment house Investment Dar has offered to give creditors a stake in a portfolio of assets in exchange for their debt as an alternative to an offer made under a KD1 billion ($3.5 billion) debt restructuring plan agreed in 2011. More… |
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Aston Martin sees Italian cash drive sales upAston Martin, owned by Kuwaiti investment house Investment Dar, hopes its new minority private equity shareholder will bring resources that will help the British luxury carmaker launch the next generation of sports cars and expand its market pre More… |
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Aston Martin unveils $1bn investment plansAston Martin plans to invest $1 billion in new products and technology after Italian private equity fund Investindustrial agreed to buy a minority stake in the British luxury carmaker. Investindustrial is buying 37.5 per cent for More… |
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Mahindra ahead in Aston Martin raceIndia's Mahindra & Mahindra group, the world's biggest tractor manufacturer, is the frontrunner in a bidding war to buy a large stake in flashy British sportscar maker Aston Martin, which is owned by Kuwait-based finance firm Investm More… |
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Italy fund, Indian carmaker in race for Aston MartinItalian private equity fund Investindustrial and Indian car maker Mahindra have made competing bids for 50 per cent of British luxury car maker Aston Martin, owned by Kuwaiti investment house Investment Dar, with a deal expected over the weekend More… |
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Kuwait regulator orders 9 firms to delistKuwait's Capital Markets Authority (CMA) has ordered nine listed companies, including the co-owner of Aston Martin, to be removed from the stock exchange. Most firms to be delisted are investment companies that have struggled to meet debt More… |
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Kuwait Dar to pay investors two months earlyThe Investment Dar, a leading Kuwaiti sovereign wealth fund, said it will make its first payment to investors two months ahead of the deadline set out in the court-approved restructuring plan. Owner of half of luxury carmaker Aston Martin, More… |
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CBK says court rejects Dar claimCommercial Bank of Kuwait (CBK) said that a regulatory court had dismissed a case brought by Investment Dar over a disputed stake in Boubyan Bank. CBK and Dar are in litigation over the Boubyan stake which Dar sold to CBK in 2008 to More… |
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Investment Dar forms investors’ committeeKuwait’s Investment Dar has constituted an investors’ coordination and liaison committee representing its banks and investors. The committee will liaise with the company at regular face-to-face meetings, establish regular reporting proces More… |
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Investment Dar names Al-Humaidhi as new CEOInvestment Dar, the Kuwaiti firm restructuring $3.6 billion in debt, named its vice president Abdullah Al-Humaidhi as its new chief executive, it said in a statement on Monday. The appointment follows a court ruling that approved the compa More… |
