{"id":646442,"date":"2017-06-14T03:51:28","date_gmt":"2017-06-14T03:51:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/dana-gas-debt-restructuring-takes-another-twist\/"},"modified":"2017-06-14T03:51:28","modified_gmt":"2017-06-14T03:51:28","slug":"dana-gas-debt-restructuring-takes-another-twist","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/dana-gas-debt-restructuring-takes-another-twist\/","title":{"rendered":"Dana Gas debt-restructuring takes another twist"},"content":{"rendered":"

Dana Gas debt-restructuring takes another twist:<\/strong> Dana Gas plans to restructure its USD 700 mn of sukuks after its board received instructions that, in their present form, Dana Gas sukuks are not Shari'a compliant and is therefore unlawful under UAE regulations, the company said in a statement<\/a> on Tuesday. The company proposes to halve the current profit rates on the sukuks in the new compliant ones it plans to replace them with. Delayed payments by Iraqi Kurdistan and Egypt had driven the company to restructure.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dana Gas debt-restructuring takes another twist: Dana Gas plans to restructure its USD 700 mn of sukuks after its board received instructions that, in their present form, Dana Gas sukuks are not Shari'a compliant and is therefore unlawful under UAE regulations, the company said in a statement on Tuesday. The company proposes to halve the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-646442","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f4ae505c-97e1-4566-a630-5f826b28fe76","order":"0","is_powered_by":true,"section_story_id":"d52cd331-7f2f-413e-9533-4b7ffc51d5bf","story_type":"1","photo_url":"","photo_position":"above","related_issue":[646426],"teaser":"","voice_url":""},"yoast_head":"\nDana Gas debt-restructuring takes another twist - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/dana-gas-debt-restructuring-takes-another-twist\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dana Gas debt-restructuring takes another twist\" \/>\n<meta property=\"og:description\" content=\"Dana Gas debt-restructuring takes another twist: Dana Gas plans to restructure its USD 700 mn of sukuks after its board received instructions that, in their present form, Dana Gas sukuks are not Shari'a compliant and is therefore unlawful under UAE regulations, the company said in a statement on Tuesday. The company proposes to halve the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/dana-gas-debt-restructuring-takes-another-twist\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-14T03:51:28+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/dana-gas-debt-restructuring-takes-another-twist\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/dana-gas-debt-restructuring-takes-another-twist\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Dana Gas debt-restructuring takes another twist\",\"datePublished\":\"2017-06-14T03:51:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/dana-gas-debt-restructuring-takes-another-twist\/\"},\"wordCount\":91,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/dana-gas-debt-restructuring-takes-another-twist\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/dana-gas-debt-restructuring-takes-another-twist\/\",\"name\":\"Dana Gas debt-restructuring takes another twist - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-06-14T03:51:28+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/dana-gas-debt-restructuring-takes-another-twist\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/dana-gas-debt-restructuring-takes-another-twist\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/dana-gas-debt-restructuring-takes-another-twist\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Dana Gas debt-restructuring takes another twist\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Dana Gas debt-restructuring takes another twist - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/dana-gas-debt-restructuring-takes-another-twist\/","og_locale":"en_US","og_type":"article","og_title":"Dana Gas debt-restructuring takes another twist","og_description":"Dana Gas debt-restructuring takes another twist: Dana Gas plans to restructure its USD 700 mn of sukuks after its board received instructions that, in their present form, Dana Gas sukuks are not Shari'a compliant and is therefore unlawful under UAE regulations, the company said in a statement on Tuesday. The company proposes to halve the […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/dana-gas-debt-restructuring-takes-another-twist\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-06-14T03:51:28+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/dana-gas-debt-restructuring-takes-another-twist\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/dana-gas-debt-restructuring-takes-another-twist\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Dana Gas debt-restructuring takes another twist","datePublished":"2017-06-14T03:51:28+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/dana-gas-debt-restructuring-takes-another-twist\/"},"wordCount":91,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/dana-gas-debt-restructuring-takes-another-twist\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/dana-gas-debt-restructuring-takes-another-twist\/","name":"Dana Gas debt-restructuring takes another twist - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-06-14T03:51:28+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/dana-gas-debt-restructuring-takes-another-twist\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/dana-gas-debt-restructuring-takes-another-twist\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/dana-gas-debt-restructuring-takes-another-twist\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Dana Gas debt-restructuring takes another twist"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":642248,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/dana-gas-sees-debt-restructuring-court-case-playing-out-in-its-favor\/","url_meta":{"origin":646442,"position":0},"title":"Dana Gas sees debt restructuring court case playing out in its favor","author":"enterpriseam admin","date":"9 August 2017","format":false,"excerpt":"Dana Gas sees debt restructuring court case playing out in its favor: Sharjah-based gas producer Dana Gas \u2014 which has significant exposure to Egypt \u2014 decided this week to retract its June decision to restructure USD 700 mn in sukuks it borrowed from investors, preferring its odds pursuing the case\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647743,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/18\/smaller-companies-could-miss-out-on-ioc-payments-all-iocs-to-be-paid-by-2019-dana-gas-to-restructure-debt-under-egypt-kurdistan-payment-pressure\/","url_meta":{"origin":646442,"position":1},"title":"Smaller companies could miss out on IOC payments; all IOCs to be paid by 2019; Dana Gas to restructure debt under Egypt, Kurdistan payment pressure","author":"enterpriseam admin","date":"18 May 2017","format":false,"excerpt":"Smaller oil and gas operators may miss out on the second wave of payments to international oil companies (IOCs) the central bank is planning on dishing out, LeAnne Graves writes for The National. Governor Tarek Amer had said Egypt had made a payment of USD 750 mn to IOCs and\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591371,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/04\/corporate-sukuks-to-debut-in-coming-weeks-with-usd-50-mn-ciaf-leasing-issuance-bonds\/","url_meta":{"origin":646442,"position":2},"title":"Corporate sukuks to debut in coming weeks with USD 50 mn CIAF Leasing issuance bonds","author":"enterpriseam admin","date":"4 December 2019","format":false,"excerpt":"DEBT WATCH- Corporate sukuks to debut in Egypt in the coming weeks? CIAF Leasing plans to issue Egypt\u2019s first corporate sukuk in the coming weeks, Financial Regulatory Authority official Sayed Abd El Fadeel told Reuters. The aircraft leasing company will sell USD 50 mn in Islamic bonds, he said, adding\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574261,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/03\/dana-gas-in-talks-with-ipr-energy-over-sale-of-egypt-assets\/","url_meta":{"origin":646442,"position":3},"title":"Dana Gas in talks with IPR Energy over sale of Egypt assets","author":"enterpriseam admin","date":"3 September 2020","format":false,"excerpt":"M&A WATCH- The UAE\u2019s Dana Gas is in talks with Texas-based IPR Energy over the sale of its Egypt assets ahead of a USD 300 mn debt repayment in October, Reutersreports, citing unnamed sources familiar with the matter. The energy company was hoping to raise over USD 500 mn from\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597949,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/finmin-could-take-egypts-first-sovereign-sukuks-to-market-by-early-2020-looks-to-hike-cap-on-eurobond-issuances-through-fy2021-2022\/","url_meta":{"origin":646442,"position":4},"title":"FinMin could take Egypt\u2019s first sovereign sukuks to market by early 2020, looks to hike cap on eurobond issuances through FY2021-2022","author":"enterpriseam admin","date":"9 May 2019","format":false,"excerpt":"EXCLUSIVE- Egypt could take to market its maiden issuance of sovereign sukuks in early 2020, a senior government official tells us. Finance Ministry officials have met with executives from Abu Dhabi Islamic Bank and other GCC-based institutions to learn more about the process and the target markets. The ministry will\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/5\/1783.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592913,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/eni-not-interested-in-acquiring-dana-gas-egypt-portfolio\/","url_meta":{"origin":646442,"position":5},"title":"Eni not interested in acquiring Dana Gas Egypt portfolio","author":"enterpriseam admin","date":"12 November 2019","format":false,"excerpt":"M&A WATCH- Italy\u2019s Eni is not looking to acquire the Dana Gas\u2019 assets in Egypt, Eni CEO Claudio Descalzi tells Bloomberg TV (watch, runtime: 7:14). Descalzi stressed that Eni is satisfied with its portfolio for the time being and plans to focus on developing current assets before biting off more.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/646442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=646442"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/646442\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/646426"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=646442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=646442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=646442"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=646442"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=646442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}