The board of directors of UAE's Dana Gas has approved a recommendation to increase foreign ownership limit of the stock to 100%.

The proposal will to be presented in the annual general assembly (AGM) for approval, Dana, which is the Middle East's largest private sector natural gas company, said on Thursday in a regulatory filing on Abu Dhabi's ADX exchange where its shares trade.

(Writing by Brinda Darasha; editing by Seban Scaria)