Sukuk

  • Dana Gas, IPR Negotiate Egypt Assets Sale

    Dana Gas, IPR Negotiate Egypt Assets Sale

    Thursday, 3rd September 2020

    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 to Pay $397 MM of Outstanding Sukuk

    Thursday, 23rd April 2020

    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 issues new Sukuk

    Tuesday, 14th August 2018

    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 to Restructure Sukuk

    Tuesday, 20th June 2017
    Dana Gas Company has proposed a restructuring to holders of its $700m of Sukuk.
  • Aramco to Raise $10b Prior to IPO

    Aramco to Raise $10b Prior to IPO

    Monday, 6th February 2017
    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 bonds in 2017.
  • Oil Prices and Saudi Boom and Islamic Finance Cycles

    Oil Prices and Saudi Boom and Islamic Finance Cycles

    Tuesday, 1st September 2015
    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

    Islamic Bonds Balancing Saudi Oil Prices Losses

    Tuesday, 14th April 2015
    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

    Dana Gas Encumbered by Payment Delays

    Wednesday, 14th March 2012
    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 progress its expansion plans in Egypt.