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Dana Gas, the Abu Dhabi-listed energy firm, said a shareholder meeting to vote on the restructuring of the $920 million sukuk did not met the required quorum.
A new meeting has been scheduled for March 21, the company said in a filing to the Abu Dhabi stock exchange on Thursday.
Dana became the first company in UAE to miss repayment of a maturing bond on October 31 but agreed new terms with a creditor committee representing bondholders, which included investment firms Ashmore Group and BlackRock, a week later.
Under the plan, the Sharjah-based company will repay $70 million in cash, with the remaining $850 million split equally between two new five-year sukuk - an ordinary Islamic bond and a convertible sukuk - which pay an average coupon of eight per cent.
This is the second time that the meeting has been rescheduled.
The Abu Dhabi-listed energy firm missed repayment of its $920 million sukuk last year.
The investments include drilling nearly 40 new development wells, a similar number of workovers on existing wells, building new pipelines and debottlenecking an existing plant.
Dubai World said that it had received backing from a "substantial majority" of creditors on the new deal which would see part of its debt repaid early.