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 in its upcoming ordinary general meeting (OGM) on 14 April, according to a statement on Thursday.

For the full-year 2019, the Middle East’s largest regional private sector natural gas company reported its highest annual net profit in seven years of $157 million (AED 575 million), versus a net loss of $186 million (AED 682 million) in the prior year.

It is noteworthy to mention that in April 2019, the company’s OGM approved a proposal to distribute 5.5% of the company’s share ccapital or 5.5 fils per share as cash dividends among its shareholders for 2018.