Abu Dhabi – Mubasher: Dana Gas said its board directed management to intensify its efforts to expedite collection of the outstanding receivables owed to the company, according to a bourse statement.
The management should also find the most effective means to collect the amounts awarded to the company and its partners by the London International Court of Arbitration, according to a statement.
The board also received a report regarding Dana’s failed attempts to reach a restructuring agreemen with the Ad hoc committee of the sukukholders regarding the company’s sukuk Al Murabaha issued in October 2013.
As a result, the company will continue to pursue its legal rights in the interests of its shareholders.
