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07 April 07:50 PM

Dana Gas PJSC (DANA)

Last update: 02:55 PM market time.
0.86
0.00
0.35%
Open 0.86
Previous Close 0.86
High 0.86
Low 0.85
Stock Statistics
Volume 4,003,160
Turnover 3,433,889.79
All data are 15 minutes late during market session

News

The board has approved to sell treasury shares in the market
22 March 2021 11:02 AM Dana Gas' board approves proposal to sell treasury shares
Abu Dhabi – Mubasher: The board of Dana Gas has approved to sell treasury shares in the market, according to the company's disclosure to the Abu Dhabi Securities Exchange (ADX) on Monday. The sale of treasury shares is part of the options …
Board of Directors
The board of Dana Gas has recommended distributing cash dividends
11 March 2021 09:33 AM Dana Gas's board proposes 5.5 fils/shr dividends for 2020
Abu Dhabi – Mubasher: The board of Dana Gas has recommended distributing cash dividends of 5.5 fils/share for 2020, according to a bourse filing on Thursday. The proposal is subject to the approval of the ordinary general meeting (OGM), set to be …
Board of Directors
The company seeks to increase its capacity in the KRI
18 February 2021 11:13 AM Dana Gas seeks $500 million to raise production capacity - CEO
Abu Dhabi – Mubasher: Dana Gas is considering financing methods, including green bonds, to collect about $500 million to achieve its objective of more than doubling its production capacity, the CEO of Dana Gas, Patrick Allman-Ward, told Reuters. …
Companies Investments
The company’s cash balance amounted to $108 million at the end of 2020
11 February 2021 02:08 PM Dana Gas expects completion of Egyptian asset sale deal in H1-21
Abu Dhabi – Mubasher: Dana Gas said that the sale of its onshore oil and gas assets in Egypt is expected to be complete in the first half (H1) of 2021, according to a statement on Thursday.  In October 2020, Dana Gas signed a binding agreement …
Companies Investments
The company generated revenues of AED 1.27bn in 2020
11 February 2021 10:35 AM Dana Gas records AED 1.4bn losses in 2020
Abu Dhabi – Mubasher: The preliminary financials of Dana Gas registered net losses after tax of AED 1.4 billion ($376 million) in 2020, against net profits of (AED 575 million ($157 million) in 2019.  The losses were attributed to the sharp …
Financial Results
Dana Gas holds 35% of Pearl Petroleum
25 November 2020 09:35 AM Dana Gas achieves record level in production from Khor Mor Gas Plant in KRI
Abu Dhabi – Mubasher: Dana Gas has announced a record level of 418MMscf/d achieved in the production of sales gas from Pearl Petroleum’s Khor Mor Gas Plant in the Kurdistan Region of Iraq (KRI) on 18 November. The production of Dana Gas, which …
Companies Investments
The net losses are driven by the sharp decline in oil prices and COVID-19
12 November 2020 10:23 AM Dana Gas turns to losses in 9M
Abu Dhabi – Mubasher: The interim consolidated financials of Dana Gas recorded $379 million (AED 1.39 billion) net losses in the first nine months of 2020, against net profits of $142 million (AED 521 million) in the corresponding period of 2019. …
Financial Results
The company has repurchased $221m of the Sukuk
2 November 2020 03:36 PM Dana Gas fully redeems $309m outstanding Sukuk
Abu Dhabi – Mubasher: Dana Gas has paid off $309 million of its Sukuk, fully redeeming all its outstanding Sukuk, according to a press release on Monday. The Principal Paying Agent has confirmed the receipt of the fund, which will be disbursed to …
Sukuk and Islamic Finance
The deal is expected to complete by the beginning of 2021
25 October 2020 11:04 AM Dana Gas sells Egypt's onshore assets for $236m
Abu Dhabi – Mubasher: Dana Gas signed an agreement with IPR Wastani Petroleum Ltd, a member of the IPR Energy Group for the sale of its onshore oil and gas assets in Egypt for $236 million, including contingent payments. This deal follows a …
Companies Investments
The credit facility will enable the company to redeem the Sukuk
15 October 2020 09:38 AM Dana Gas enters $90m credit facility agreement with Mashreq Bank
UAE – Mubasher: Dana Gas has signed a credit facility agreement worth $90 million with Mashreq Bank, according to a press release on Thursday. The one-year facility, which could be extended for additional four years, is priced at an initial 3% per …
Companies Investments
There are not any further developments to be announced
6 September 2020 10:00 AM Dana Gas' Egyptian assets still under review
Abu Dhabi – Mubasher: Dana Gas' strategic review of its assets in Egypt, including a potential sale of those assets, is still ongoing, the company disclosed to the Abu Dhabi Securities Exchange (ADX) on Sunday. The company confirmed that there are …
Companies Investments
The company would use the sale proceeds to pay $309m in Sukuk
3 September 2020 10:08 AM Dana Gas in talks with US firm to sell Egyptian assets
Abu Dhabi – Mubasher: The UAE's Dana Gas is holding negotiations with Texas-headquartered IPR Energy to sell its Egyptian assets, three sources told Reuters. These talks came ahead of the Emirati energy producer's repayment of some $300 million in …
Companies Investments
The company's revenues dropped by 25%
13 August 2020 04:55 PM Dana Gas logs $19m losses in H1-20
Abu Dhabi – Mubasher: Dana Gas saw net losses of AED 69 million ($19 million) in the January-June period of 2020, compared to net profits of AED 513 million ($140 million) in the same period of 2019. The net losses are driven by $37 million …
Financial Results
The Nile Delta Sukuk will mature on 31 October
26 July 2020 10:05 AM Dana Gas appoints financial adviser for Nile Delta Sukuk
Abu Dhabi – Mubasher: Dana Gas has appointed Houlihan Lokey as its financial adviser for its Nile Delta Sukuk worth $379.6 million (AED 1.393 billion). The Nile Delta Sukuk matures on 31 October 2020, according to a press release on Sunday. It is …
Management Decisions
Dana Gas plans to use the proceeds of Egyptian assets' sale to pay Sukuk
23 April 2020 09:41 AM Dana Gas plans using proceeds from Egyptian assets' sale to pay Sukuk
Abu Dhabi – Mubasher: Dana Gas plans to use the proceeds of its Egyptian assets' sale to pay down its $397 million Sukuk. The company clarified that if the sale of the Egyptian assets is completed, the proceeds will pay the Sukuk as required by …
Corporate Actions
The bought back Sukuk will be canceled
22 April 2020 00:23 PM Dana Gas buys back $18m of Nile Delta Sukuk
Abu Dhabi – Mubasher: Dana Gas has repurchased around $17.8 million of 4% Nile Delta Sukuk Ltd certificates, according to the company's disclosure to the Abu Dhabi Securities Exchange (ADX) on Wednesday. The company referred that the bought back …
Banking and Finance
Dana Gas nodded to pay out cash dividends of 5.5 fils per share
22 April 2020 11:32 AM Dana Gas's OGM approves 5.5 fils/shr dividends for 2019
Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of Dana Gas nodded to pay out cash dividends of 5.5 fils per share for fiscal year (FY) 2019. During the meeting, shareholders also approved the company's objective to carry out a …
General Assembly
The company cannot determine the review's date of completion
8 April 2020 00:08 PM Dana Gas' sale of Egypt assets still under review
Abu Dhabi – Mubasher: Dana Gas is still carrying out a strategic review on its assets in Egypt for their potential sale, according to the company's disclosure to the Abu Dhabi Securities Exchange (ADX) on Wednesday. The company referred that the …
Corporate Actions
The company's shareholders will own shares in two companies
31 March 2020 11:55 AM Dana Gas mulls demerging upstream business
Abu Dhabi – Mubasher: Dana Gas is studying the potential to separate its exploration and production business, known as "Upstream Business" into a new independent company, to be listed in Abu Dhabi Securities Exchange (ADX).  If the demerger is …
Corporate Actions
Company's gas sale contracts not affected by fluctuating oil prices
22 March 2020 09:56 AM Dana Gas operations remain stable despite COVID-19
Abu Dhabi - Mubasher: Dana Gas has confirmed that the coronavirus (COVID-19) outbreak has not impacted its exploration and production operations and facilities in the Kurdistan Region of Iraq (KRI) and Egypt.   Sold under long term gas sale …
Commodities
Dana Gas is the Middle East’s largest regional private sector natural gas company
12 March 2020 00:23 PM Dana Gas commences arbitration against MOL, OMV
Abu Dhabi – Mubasher: Dana Gas, listed on the Abu Dhabi Securities Exchange (ADX), announced the commencement of arbitration proceedings, together with Crescent Petroleum, against MOL Hungarian Oil and Gas Public Limited Company (MOL) on 14 …
Management Decisions
Dana Gas reported net profits of $157 million in 2019
12 March 2020 09:42 AM Dana Gas proposes 5.5 fils/shr dividend for 2019
Abu Dhabi – Mubasher: The board of directors of Dana Gas, listed on the Abu Dhabi Securities Exchange (ADX), recommended a cash dividend distribution of 5 fils per share for the fiscal year 2019. The proposal is still pending shareholder approval …
Event
Dana Gas’ natural gas constitutes 75% of production
9 March 2020 09:53 AM Natural gas accounts for 75% of Dana Gas’ production
Abu Dhabi – Mubasher: Dana Gas’ natural gas constitutes 75% of the company’s production, according to a press release on Monday. Sold at fixed prices under long term gas sale contracts with host governments, Dana Gas' natural gas generates half of …
Companies Investments
Dana Gas is taking precautionary measures to protect its assets
2 March 2020 11:44 AM Dana Gas sees no impact from coronavirus on operations
Abu Dhabi – Mubasher: Dana Gas stressed that the coronavirus outbreak has not affected its growth plan and operations. Precautionary measures have been set to protect the company’s assets, operations, and cash flows, the largest private sector …
Companies Investments
The three companies' net profits soared to AED 3.03bn
22 February 2020 07:22 PM Three UAE-listed energy companies post 64% YoY higher profits in 2019
UAE - Mubasher: The profits of three UAE-listed energy companies surged 64% year-on-year in 2019, supported by higher production and sale value, along with lower costs. The three companies' net profits soared to AED 3.03 billion last year, …
Financial Results