Dana Gas may distribute 5.5% dividends for 2018

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.”

Mubasher Contribution Time: 30-Aug-2018 10:36 (GMT)
Mubasher Last Update Time: 30-Aug-2018 10:42 (GMT)