Coordination and Liaison panel includes banks, investors
KUWAIT CITY, July 25: The Investment Dar KSCC is pleased to announce that, in line with the Company's voluntary governance structure for the implementation of its restructuring plan, an Investors' Coordination and Liaison Committee ('the Committee') representing its banks and investors has now been finalized.
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 Banking & Investment corporation, Bank of Bahrain & Kuwait, and Arab Banking Corporation.
Abdullah Al Humaidhi, CEO of the Investment Dar commented, "We would like to express our sincerest gratitude to the previous Coordinating Committee whose hard work and commitment was instrumental in assisting the Company to navigate the restructuring process. 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. We are grateful to the Banks who have volunteered to become members of the new Committee and look forward to working with them as we seek the expedite the implementation of the restructuring plan."
© Arab Times 2011
