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Kuwait’s Dar to commence repayments to small creditors

Kuwait's Investment Dar is set to pay some KD82m ($298.7m) to individuals and small non-financial institutions in the first year of its debt restructuring plan, Reuters has reported. The firm received the court's approval to implement its eight and half year restructuring, in which it aims to pay back over $3.5bn to creditors and be admitted under the Financial Stability Law. The repayments will start on June 30.