IslamicFinance.de

First Investment Co.’s creditors agreed to join a plan to restructure the company’s debts of about 90 million dinars ($321.8 million).
The Kuwaiti Islamic finance company, known as Al-Ola, is to repay its liabilities over 5 years.

Kuwait Finance House agreed to First Investment Co.’s rescheduling plan.
The rescheduling plan involves issuing 90 million dinars ($320 million) in 5-year bonds, according to Al-Qabas, which didn’t name the other lenders or state the total debt.