Abu Dhabi – Mubasher: Dana Gas is planning to distribute annual dividends this year, the company’s CEO Patrick Allman-Ward told CNBC Arabia.
The Abu Dhabi-listed company is expected to distribute 5.5% of its capital in cash dividends, the top official revealed.
On a separate noted, Allman-Ward stressed that his company’s exposure to ailing Abraaj would not affect its budget, as Abraaj's investments represent less than 1% of Dana's cash reserves.
In July, Dana Gas’ head of investor relations Mohammed Mubaideen told Mubasher that Abraaj's impact on the company was “very limited.”