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Dana Gas plummets, gets nod for share capital increase

: Sunday, June 08 - 2014 @ 18:08

In Abu Dhabi, the local stock market index (ADXGI) fell by 1.14 per cent to close at 4,997.86 points on Sunday, June 8. Dana Gas dived 4.50 per cent to AED0.85. Earlier in the day, the Sharjah-based gas firm revealed in a filing to the market that competent authorities has given the green light for its share capital increase by AED19,617,320 ($5.350 million), arising out of conversion notices received between April 30 amounting to $4m of a convertible sukuk. FoodCo Holding surged by 9.09 per cent to hit AED6.00.


Gérard Al-Fil

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Sunday, June 8- 2014 @ 18:08 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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