‘Dana Gas’ board of directors agrees to increase foreign ownership of its shares to 100%

Dana Gas Company’s board of directors approved a recommendation to increase the foreign stake in the company’s stock by 100%, up from the current 49%.

The recommendation was presented to the General Assembly at its annual meeting for approval today, Thursday, according to a statement by the company on the Abu Dhabi Financial Market, after obtaining the approval of the relevant authorities.

The board was briefed on the progress of the company’s operations and projects in Egypt, the Emirates and the Kurdistan Region of Iraq.

The Council also reviewed a progress report on legal and arbitration cases, as well as deliberating on other routine matters.

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