Dana receives AED 74m additional payment from Egypt

Abu Dhabi – Mubasher: Dana Gas has received AED 74 million ($20 million) from the Egyptian government as another partial payment of its outstanding receivables, according to a bourse statement.

The payment was made in Egyptian pounds, the company added.

This payment, along with AED 184 million paid on 18 May 2017, represents 25% of Dana’s total overdue receivables worth AED 1.038 billion ($283 million) as at the first quarter of 2017

Mubasher Contribution Time: 21-May-2017 06:53 (GMT)
Mubasher Last Update Time: 21-May-2017 08:53 (GMT)