DUBAI -- The First General Assembly (FGA) of Dana Gas PJSC was held on Wednesday evening at the University City Hall in Sharjah. A major new private sector regional gas company, Dana Gas is currently under formation as a public joint stock company pursuant to the laws of the United Arab Emirates.
The meeting, which was initially scheduled to be held on the November 9, 2005 and adjourned for one week to procure the required quorum, was presided by Shaikh Sultan bin Mohammed bin Sultan al Qasimi, Crown Prince and Deputy Ruler of Sharjah and Chairman of the Sharjah Petroleum Council and Honorary Chairman of Dana Gas.
Total number of shares represented by shareholders and proxies present at the meeting were 3,552,121,105, representing 59.2 per cent of the company's shares, hence well above the required quorum of 50 per cent.
Underscoring the significance of the event, the assembly was attended by several shaikhs and local officials, as well as representatives from the Ministry of Economy and Planning and the Sharjah Department of Economic Development and shareholders from across the Gulf region.
BY A STAFF REPORTER
© Khaleej Times 2005
