Abu Dhabi-Mubasher: Dana Gas’ board reviewed the progress of Zora project in the UAE in its meeting held on Wednesday.
The board called for an ordinary general meeting to consider a recommendation to repurchase some of the company’s shares.
The meeting highlighted the improvement in the payment of outstanding amounts in Egypt.
The board also discussed the company’s operations in Egypt and Iraqi Kurdistan, the bourse statement said, adding that it expressed its contentment with the resumption of regular payments by Kurdistan.
The company’s stock rose 3.6% to AED 0.56 by 12:30pm UAE time after generating AED 7 million from the exchange of 12.59 million shares.
