Sukuk | Egypt Oil & Gas
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, according to a press release. The company confirmed earlier in April that its plans to sell Egypt assets are ...
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, the UAE-based company announced. “We are pleased to have completed the issuance and listing of our ... Dana Gas to Restructure Sukuk
Dana Gas, a MENA independent natural gas exploration and production company, has proposed a restructuring to holders of the $700m of its Sukuk maturing in October 2017. Its proposal is on the basis that these Sukuk ar...
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 bond...
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. GDP expan...
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. Loan deals worth about $4 billion from Saudi Arabian Oil Co. and its joint venture Rabigh Refining & Pe...
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 pro...Page 1 of 1
