Investment Dar Appoints Credit Suisse Its Financial Adviser

By Fiona MacDonald

Jan. 25 (Bloomberg) -- Investment Dar Co., the Kuwait-based financial services company that owns half of Aston Martin, appointed Credit Suisse Group AG to advise the firm on its financial strategy.

Investment Dar hired Credit Suisse “to consider the options available to us in this market,” Chief Executive Officer Adnan al- Musallam said in an e-mailed statement today.

Credit Suisse will work as the financial adviser to review Investment Dar’s debt, prepare a repayment plan and arrange new finances, the Kuwait-based newspaper Al-Qabas reported Jan. 11, without citing anyone. Credit Suisse will also be authorized to negotiate with the Investment Dar’s creditors on the repayment plan, it said.

To contact the reporter on this story: Fiona MacDonald in Kuwait FmacDonald4@bloomberg.net