Investment Dar Appoints Chief Restructuring Officer

October 4, 2009

As referred to in its announcement last week, The Investment Dar Co. K.S.C.C. now announces the appointment of Mike Grant, as Chief Restructuring Officer to the Company on a consultancy basis to assist the Company with its ongoing financial restructuring.

Mr. Grant , a partner at Aaronite Partners, a London based specialist turnaround consultancy practice, currently brings over 20 years of specialist restructuring experience to the Company and has led some of the largest and most complex restructuring projects of recent times; having been appointed to senior positions in Eurotunnel, Railtrack, the UK Government and Cable & Wireless.

The appointment of a Chief Restructuring Officer is the fulfillment of a key element of the recently announced Standstill Agreement which the Company is encouraging all of its banks and investors and investor clients of The Investment Dar Bank to enter into and has already been entered into with all of the members of the Coordinating Committee.

The CRO will co-lead together with the executive management of the Company all matters required to negotiate and implement a consensual restructuring plan, discussions relating to which are ongoing between the Company and the Coordinating Committee.

The Investment Dar Chairman and Chief Executive Officer, Adnan Al Musallam commented:

"We are pleased to welcome Mr. Grant as our Chief Restructuring Officer. His wealth of expertise and experience will be invaluable to our restructuring process and the implementation of a consensual restructuring plan in the best interests of all of TID’s stakeholders."