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Ajman Bank raises stake in Dana Gas

Ajman Bank raises stake in Dana Gas
Ajman Bank raises stake in Dana Gas
Dana Gas
DANA
0.15% 0.65 0.00
Ajman Bank
AJMANBANK
-0.54% 1.86 -0.01

Abu Dhabi – Mubasher: UAE-based energy producer​ Dana Gas on Sunday announced that Ajman Bank has raised its shareholding in the company to more than 5% of the share capital, according to a filing to the Abu Dhabi Securities Exchange (ADX).

On Thursday, Ajman Bank announced the extension of the capital increase subscription period by another four working days.

As per the new extension, the bank’s capital hike will now end on Tuesday, 13 November 2018.

Ajman Bank recently reported a 27% year-on-year increase in profits to AED 119.8 million for the first nine months of 2018.