كما وصلنا
Dubai, 25 January 2011
The Coordinating Committee of the Banks and Investors of The Investment Dar K.S.C.C.
notes with regret that a confidential discussion document dated 21st January 2011
intended for the exclusive consideration of the banks and investors to The
Investment Dar has been passed to the press. The Committee would like to make it
clear that the purpose of the document was to demonstrate a new way of looking at
the restructuring options which can be successfully and consensually achieved. The
document was circulated to all banks and investors to ensure that the views of all
participants, both within Kuwait and internationally, are heard – an approach
which follows through on our commitment at the Dubai and Kuwait meetings last week.
The Committee continues to work closely and constructively with the Company, and
wishes to clarify that the terms set out in the discussion document are purely
illustrative and at this stage do not represent an agreed position either on the
Committee’s part or the Company’s.
- Ends -
For further information:
Ben Davies
Assistant Director | Corporate Finance
Deloitte LLP. Athene Place, 66 Shoe Lane, London, EC4A 3BQ, United Kingdom
T +44 20 7303 5374
