Wednesday, 3 January 2018

Dana Gas' Sharjah Dec 25 court hearing adjourned, spokeswoman says - The National

Dana Gas' Sharjah Dec 25 court hearing adjourned, spokeswoman says - The National:

"Dana Gas, the Sharjah-based energy company currently embroiled in court battles over the legality of its US$700 million sukuk issuance, has had its December 25 hearing at a Sharjah court adjourned, a spokeswoman said. It is not known when the next hearing will take place. The Sharjah proceedings are set to determine whether the structuring of the sukuk, which was based on Mudarabah contracts, was valid."



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