UAE's Dana Gas plans cash dividend despite $700mln sukuk dispute | ZAWYA MENA Edition:
"Dana Gas will seek shareholder approval to pay a dividend for 2017, it said on Sunday, in a move that could complicate its legal dispute with investors demanding that the company settles $700 million of Islamic bonds. The United Arab Emirates energy producer's share price jumped by 8.3 percent after it announced that a shareholder meeting on April 11 would discuss a proposal to pay its first cash dividend in several years. The dividend, equivalent to 5 percent of capital, would total about 349 million dirhams ($95 million)."
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