Dana Gas has been at the centre of a long and complex legal dispute with its creditors
UAE-based firms previously reported a 36% year-on-year drop in its profits for Q1-18,
Trade exchange between the two countries reached about $2.2billion last year
The two-year bullet term financing facilities comprise a conventional facility and a commodity murabaha financing facility
The board intends to raise capital to support the bank’s continued growth and its objectives in achieving its 2020 vision while meeting regulatory requirements.
Assets of Islamic banks operating in the UAE showed an increase of 6.7%