Shares in Dana Gas, the first UAE entity to default on an Islamic bond, fall after the firm said on Wednesday it restructured its $920 million sukuk.
Dana Gas falls 4.7 percent, down 2.4 percent so far in November.
It will pay its sukuk holders a mix of cash and new bonds - split between an ordinary sukuk and a convertible one.
Analysts are concerned a new convertible increases the risk of dilution for shareholders and the ordinary sukuk increases the risk of Dana adding further assets - such as those in Kurdistan - as security..
Abu Dhabi's index slips 0.2 percent to 1,594 points.
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