Dana Gas PJSC, the fuel producer with $1 billion in Islamic bonds maturing in October, may reach a “reasonable resolution with investors” on the sukuk, the president of the company’s biggest shareholder said.
“I am very optimistic about the professionalism of Dana Gas management to reach a reasonable resolution with investors,” Crescent Petroleum Co.’s President Badr Jafar told reporters in Dubai today. “Discussions are ongoing with Egypt regarding scheduling payments.”……………………………………….Full Article: Source