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Kuwait's Dar Mulls Saudi Aston Martin Deal: Paper - ASHARQ AL-AWSAT English Archive
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KUWAIT (Reuters) – Kuwait’s Investment Dar, the country’s biggest Islamic investment firm, is in talks with a Saudi investor to sell up to 10 percent in British luxury car maker Aston Martin, a newspaper said on Tuesday.

Talks with the unidentified investor were in the early stages, Kuwaiti daily al-Rai said in an unsourced report.

Investment Dar declined comment on the report on Tuesday.

Dar said in December it was studying offers to sell as much as 20 percent of the British car maker.

The newspaper also said Kuwait Finance House, the country’s biggest Islamic lender, may buy Dar’s 40 percent stake in a Bahraini lender that Dar set up to boost its banking activities.

Rai also said Dar was in talks with an unidentified local bank and some Saudi investor to possibly buy up all the assets in which it holds a majority stake to cover liabilities.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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