The Investment Dar, a leading Kuwaiti sovereign wealth fund, said it will make its first payment to investors two months ahead of the deadline set out in the court-approved restructuring plan.
Owner of half of luxury carmaker Aston Martin, Investment Dar said the decision comes following a recent meeting of its board of directors.
The implementation of the plan, which incorporates full repayment for all TID’s banks and investors, began on the 30 June 2011, said the company in a statement. The debt restructure plans includes giving creditors a 10 per cent stake in Investment Dar.
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