Tuesday 11 January 2011

The Investment Dar issues restructuring plan update - bi-me.com

The Investment Dar Co. (TID) issued Monday an update on its restructuring process.

"Following the recent appointment of the reconstituted Coordinating Committee, the Company held its first face to face meeting with the Committee last Thursday in Dubai," TID said.

"At the meeting, the documentation relating to the official engagement of the Committee was finalised. The Coordinating Committee 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 statement added.

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