Dana Gas's board proposes dividends for 2020

The board of Dana Gas has recommended distributing cash dividends

  
Dana Gas and Crescent Petroleum gas production from Khor Mor Field. Image used for illustrative purpose.

Dana Gas and Crescent Petroleum gas production from Khor Mor Field. Image used for illustrative purpose.

Dana Gas / Handout via Zawya
Abu Dhabi – Mubasher: The board of Dana Gas has recommended distributing cash dividends of 5.5 fils/share for 2020, according to a bourse filing on Thursday.

The proposal is subject to the approval of the ordinary general meeting (OGM), set to be held on 13 April.

It is noteworthy to mention that in 2020, the company reported net losses after tax of AED 1.4 billion, against net profits of AED 575 million in 2019.

Source: Mubasher

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