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Investment Dar mulls aid offer

Kuwait’s Investment Dar, which owns half of British luxury carmaker Aston Martin, said yesterday it was considering using a $5.2 bn (£3.4bn) state rescue facility. The Islamic investment firm said in a statement that the government’s aid package would set the legal framework for its restructuring process, amid the dissent of some creditors and investors that have opposed its restructuring plan.
“Dar would not seek financial support in making its repayments, but a legal framework to implement its well supported plan,” it said. The troubles at Kuwaiti investment firms including Dar led the government of the world’s fourth-largest oil exporter to approve a rescue package last year, worth 1.5bn dinars (£3.4bn).