The Investment Dar (TID) will meet its main creditors in Dubai today to hammer out details of a plan to restructure its US$3.5 billion (Dh12.85bn) of debts.
The proposals, which have been the subject of negotiations since the Kuwaiti company defaulted on a $100 million sukuk last year, are intended to put its obligations on a five-year repayment schedule.
So far the company, which owns half of the British car maker Aston Martin, has received the support of 80 per cent of creditors.
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