Mubasher TV
Contact Us Advertising   العربية

Dana Gas to pay dividends from Egypt, Kurdistan compensation

Dana Gas to pay dividends from Egypt, Kurdistan compensation
Photo Credit: Arabianeye-Reuters
Dana Gas
DANA
-3.42% 0.65 -0.02

Mubasher: Dana Gas will distribute cash dividends when it achieves sustainable profits or obtains large sums of money as part of the arbitration compensation by the Iraqi Kurdistan region or from its dues in Egypt, according to a bourse statement issued on Thursday.

The UAE company will also distribute dividends whenever it receives compensation in respect of the UAE Gas Project.

“The company has not distributed dividends throughout the last ten years, except for the distribution of 10% bonus shares in 2010,” the statement said.

Dana Gas will need the cash to operate its business in the coming period, in case of not receiving the compensation, it added.