Jul 25 2011 |
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Investment Dar restructuring process under way
KUWAIT CITY: The Investment Dar announced that an investors' coordination and liaison committee, representing its banks and investors, has now been finalized. This is in line with the company's voluntary governance structure for the implementation of its restructuring plan.The committee will liaise with the company at regular face-to-face meetings, establish regular reporting processes and will appoint a qualified individual to be the first contact point for all TID banks and investors to disseminate information.
The members of this committee include Al-Rajhi Bank, Bank of Bahrain & Kuwait, and Arab Banking Corporation.
He said the establishment of the investors' coordination and liaison committee is in line with TID 's commitment to ensure compliance with international best practice, maximizing visibility and transparency for its banks and investors.
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