Abu Dhabi – Mubasher: Dana Gas, a leading gas company based in Sharjah, announced it has purchased 500,000 shares on 10 October 2019.

This comes as part of the company’s buy-back programme previously approved by the UAE’s Securities and Commodities Authority (SCA) on 20 May 2019, according to a filing to the Abu Dhabi Securities Exchange (ADX).

The transactions have been implemented through the Abu Dhabi-based brokerage Menacorp, Dana Gas highlighted.

The average price of each purchase transaction stood at AED 0.941, the company said.

The purchased shares accounted for 0.00715% of the total subscribed shares, the ADX-listed company indicated.

The number of the unpurchased shares as per the SCA’s approval stood at around 683.776 million shares, Dana Gas added.