Investment Dar signs debt restructuring deal

Kuwait's Investment Dar which is in the midst of restructuring debt, said on Sunday it signed an agreement with creditors and investors to freeze claims temporarily.

The lender, which owns half of British luxury carmaker Aston Martin, said its steering committee had reached the deal.

Dar defaulted on a $100 million Islamic debt issue last May - the first of its kind on a major, public Islamic instrument in the region - and has said it may sell some assets to meet its obligations.

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