Sukuk | Egypt Oil & Gas

Dana Gas, IPR Negotiate Egypt Assets Sale

Dana Gas is currently in negotiations with IPR Energy about the sale of its Egyptian assets ahead of repayment of about $300 million in debt in October.

Dana Gas to Pay $397 MM of Outstanding Sukuk

Dana Gas’s proceeds from selling its Egypt assets will go towards paying $397 million of outstanding Sukuk.

Dana Gas issues new Sukuk

Dana Gas has issued its new Sukuk (Islamic bonds) and it is now listed on Irish Euronext Dublin stock exchange.

Dana Gas to Restructure Sukuk

Dana Gas Company has proposed a restructuring to holders of its $700m of Sukuk.

Aramco to Raise $10b Prior to IPO

Saudi Arabia’s oil giant Saudi Aramco has hired four banks as advisers to its first bond sale, possibly by June 2017, ahead of a planned initial public offering (IPO) in 2018, in order to raise as much as $10b in bon ...

Oil Prices and Saudi Boom and Islamic Finance Cycles

Rising oil output boosted Saudi Arabia's economic growth to its fastest pace in over a year in the second quarter of 2015, according to data released by the country's state statistics department

Islamic Bonds Balancing Saudi Oil Prices Losses

The slump in oil prices since June has done little to damp appetite for Shariah-compliant credit in the Gulf.

Dana Gas Encumbered by Payment Delays

UAE-based Dana Gas is struggling to cope with the payment delays owed from Egypt and Kurdistan. The company's outstanding debt of $1billion Sukuk (Islamic bonds) has significantly strained the company's ability to pr ...

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