Sharjah-based Dana Gas, the energy firm which has a $1 billion Islamic bond, or sukuk, due in October, has appointed a new chairman, it said in a bourse filing on Sunday.
Adel Khalid Al Sabeeh, previously deputy chairman, replaces Hamid Jafar as chairman, according to the results of an annual general meeting held on June 7. Jafar remains a board member, the company said.
Dana also named Tawfeeq Abdulrahman al Moayed as its new deputy chairman. No reason for the changes to the company's board were given in the bourse filing.
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