Abu Dhabi – Mubasher: Dana Gas’s shareholder meeting has been rescheduled to 30 April due to an incomplete quorum.

The Abu Dhabi-listed firm’s ordinary general meeting (OGM) was to convene on Saturday to discuss the board’s proposal to not distribute dividends for the year ended 31 December 2014.

Dana reported a net profit of AED 457 million ($125 million) during FY14 against AED 571 million ($156 million) during FY13, a decline by 20% year-on-year.

Dana is the first private-sector firm to operate in the natural gas field, maintaining assets, establishments and legal rights in the sector.