Dana Gas to use Egyptian asset sale to pay down sukuk

Sharjah-based Dana Gas will use the proceeds from the sale of its Egyptian assets to pay down its sukuk due in October, its chief executive said. The company, which operates concessions in the Kurdistan Region of Iraq as well as in Egypt, will finalise the sale of its assets in the North African state by the end of March. Read More Dana Gas 3Q profit drops 83% in absence of one-off gains from 2017 Dana Gas receives purchase offers for Egyptian assets "Offers were submitted by the end of last year from a number of interested parties....