Sunday 25 March 2018

Abu Dhabi's Dana Gas jumps on dividend plan | ZAWYA MENA Edition

Abu Dhabi's Dana Gas jumps on dividend plan | ZAWYA MENA Edition:

"Shares in Abu Dhabi-listed Dana Gas jump 9.5 percent to 0.92 dirham in early, unusually heavy trade Company's board said it will seek shareholder approval for 2017 cash dividend of 5 percent of capital; did not pay dividend for 2016 Not clear how decision to pay dividend may affect dispute between Dana and holders of its $700 million of sukuk, who are fighting company's refusal to redeem the sukuk on maturity"



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