Abu Dhabi – Mubasher: The UAE-based energy producer Dana Gas hoped to reach a settlement in the well-known $700-million-sukuk case, company CEO Patrick Allman-Ward told CNBC Arabiya on Wednesday.
Sukukholders’ demands did not reflect the company’s financial situation at the end of the third quarter of 2017, Allman-Ward added.
The proposed restructuring of the disputed sukuk is compatible with the UAE’s law, the top official added.
Source:
Mubasher