Middle East Economic Survey

VOL. XLVIII

No 45

7-November-2005

UAE

Dana Gas Completes Share Allocation

The Founders Committee of Dana Gas announced on 30 October that it had approved the final results of share allocation and refund within 21 days of its initial public offering (IPO) which closed 140 times oversubscribed on 3 October (MEES, 17 October). The final IPO results were confirmed with a total of 425,382 subscriptions from around 100 nationalities. The Dh700mn ($191mn) retail tranche...