A picture taken on September 21, 2016 shows the dock for supertankers during its inauguration ceremony at the oil terminal of the emirate of Fujairah. AFP / KARIM SAHIB
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Almost a year of claims, counterclaims and litigation is beginning to wind down for Dana Gas PJSC bondholders, including BlackRock Inc. and Goldman Sachs Group Inc.Dana Gas and creditors also entered into an agreement to dismiss all pending litigation.Creditors will be paid accrued profit from May 2017 to October 2017 at the existing rate of 7 percent and 9 percent, and accrued profit of 4 percent from November to the securities' close.A month later, the company said it received legal advice that its two $350 million mudaraba sukuk weren't compliant with Islamic law and it would replace them with new securities yielding less than half the average profit rate.
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