Dana Gas to increase share capital by Dh7.3m

Abu Dhabi: Dana Gas announced that the Competent Authorities have approved the increase of the company’s share capital by Dh7.3 million arising out of conversion of Voluntary Conversion Notices that amount to $1.5 million of convertible sukus.

The company has submitted the required applications and documents to the Abu Dhabi Securities Exchange to deliver the shares to the relevant sukuk certificate holders.

On Tuesday, Dana Gas fell 1.27 per cent in terms of volume traded, and closed at a share price of Dh0.78.