Kuwait Investment Dar posts 2008 loss

15 April 2010

Kuwait's Investment Dar has said that it recorded a KD 214.6m loss in the fourth quarter of 2008, but that it was confident of meeting its debt restructuring obligations, Reuters has reported. Kuwait's central bank had delayed the approval of the 2008 results of the Islamic investment firm, and appointed a temporary supervisor last year to monitor the firm's debt restructuring and the compilation of its financial results. Dar did not release quarterly figures, but said it made a 2008 full-year net loss of KD80.3m, compared with a net profit of KD126m in 2007.

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