Kuwait central bank appoints monitor for Investment Dar

Kuwait's central bank appointed a temporary supervisor to monitor debt restructuring and compilation of financial results at Islamic firm Investment Dar, the state news agency said on Monday.

The decision to appoint a monitor was due to a request from a committee of lenders to Investment Dar for central bank intervention to ensure transparency of the firm's restructuring process and financial results, according to a statement.

Dar, which owns half of British luxury carmaker Aston Martin, has said it may sell some assets to meet its obligations as it seeks to restructure its debt after saying it was seeking to borrow up to US$1 billion to refinance debt.