Investment Dar steering committee finalized
The Investment Dar (TID) Investors' Coordination and Liaison Committee (the Committee) has been finished.
TID stated that the Committees task is with coordinating with the company through regular meetings in order to establish regular reporting processes in addition to appointing an individual to become the main contact for all TID banks and investors for information and updates.
According to media reports, TID has been busy getting ready for the implementation of the debt restructuring deal after Ramadan, as the company will start repaying its debts to some creditors. Local reporters say that TID is reportedly looking to set relevant mechanisms in light of the verdict issued in May, which allows the company, which is listed on the Kuwait Stock Exchange (KSE) to benefit from the Financial Stability Law.