Kuwait cenbank appoints monitor for Investment Dar | Alrroya

Kuwait cenbank appoints monitor for Investment Dar

Monday, 7 September 2009  at  15:56, Reuters, Kuwait
Kuwait's central bank has appointed a temporary supervisor to monitor work at Islamic firm Investment Dar, the state news agency said on Monday.

The statement also said it had not yet approved the group's financial results for 2008, which were presented in June. Investment Dar said in July it had filed a court case against the central bank for not approving the 2008 financial data.Dar, which owns half of British luxury carmaker Aston Martin, has said it may sell some assets to meet its obligations as it seeks to restructure its debt after saying that it was seeking to borrow up to $1 billion to refinance debt. (Editing by David Holmes)








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