Credit Suisse Will Serve Financial Adviser To Dar

Credit Suisse has been appointed financial adviser by Dar, Kuwaiti Islamic firm Investment. Dar owns half of British carmaker Aston Martin. But financial situation of the company isn't rather positive. As many other investment firms in the region Dar faced

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Credit Suisse has been appointed financial adviser by Dar, Kuwaiti Islamic firm Investment.

Dar owns half of British carmaker Aston Martin. But financial situation of the company isn’t rather positive. As many other investment firms in the region Dar faced with problems due to exposure to global markers.

In December Dar was seeking to borrow up to $1 billion to refinance debt and was considering offers to sell up to 20% of Aston Martin.

According to Chairman Adnan al-Musallam, company will work with Credit Suisse “to consider the options available to Dar in this market.”

L.D.

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