Dana Gas Extraordinary General Meeting approves convertible Sukuk issue

Dana Gas PJSC, the Middle East's first regional private-sector natural gas company, held an Extraordinary General Meeting (EGM) today during which the shareholders unanimously approved the issue of a convertible sukuk for USD 1 billion which can be upsized.The Extraordinary General Meeting was chaired by H. E. Sheikh Ahmed Bin Sultan Al Qassimi, Deputy Ruler of Sharjah and Honorary Chairman of Dana Gas. Dana Gas had previously received the necessary approvals from the UAE Securities and Commodities Authority (SCA). Application has been made for the sukuk to be listed on the London Stock Exchange on the Professional Securities Market. Source