The Bahraini unit of Kuwait's Investment Dar (TIDK.KW), which is in the midst of a debt restructuring, said on Tuesday it had extended its standstill agreement to March 31, 2010.
It was not clear from the statement, posted by Investment Dar Sukuk Co on the Bahrain stock exchange, whether this means that Dar's standstill agreement which was supposed to run until the end of 2009, had also been extended.
"The meeting of the certificate holders authorises the company to agree at its sole discretion to an extension to the standstill period ... until 31 March 2010," it said in the statement.
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