Middle East Economic Survey

VOL. XLVIII

No 38

19-September-2005

UAE

Dana Gas IPO To Be Launched On 20 September

Dana Gas Founders Committee announced on 14 September that the companys initial public offering (IPO) would be open to subscribers on 20 September and close on 2 October. The Dh2.06bn ($560.85mn) IPO represents 34.33% of Dana Gas capital and the shares are being offered at Dh1 ($0.27) each. According to the Founders Committee one third of the offering or Dh700mn ($190.58mn) is reserved...