Investment Dar will make its 1st payment to Investors two months early 23 October 2011

23 October 2011

The Investment Dar K.S.C.C. is pleased to provide the following restructuring update.

Following a meeting of its Board of Directors on 2nd October, The Investment Dar announced that it will be making the first payment due under the terms of the restructuring plan, approved by the Special Circuit Court of Appeal under the Financial Stability Law, before the end of October 2011. The implementation of the plan, which incorporates full repayment for all TID’s banks and investors, began on the 30 June 2011.

Adnan Al Musallam, Chairman of The Investment Dar commented: “The decision to make this first payment well in advance of the deadline set out in the court-approved restructuring plan is in line with our objective of ensuring the plan’s effective delivery. We will continue to work closely with all the company’s stakeholders to ensure the plan’s implementation is in line with international best practice. Our business activity remains focussed on developing and maximizing the value of our assets, ensuring that we service our obligations to our investors under the plan and maintaining value for TID's shareholders in the longer term.”