Dana Gas to be listed on the Abu Dhabi Stock Market
The UAE-based Dana Gas has announced the listing of its shares on the Abu Dhabi Stock Market (ADSM) on Tuesday 6th December. By this, Dana Gas will be amongst the 57 listed companies on the Abu Dhabi Stock Market.
Dana Gas is the first private-sector gas resource company in the region to be publicly listed and is incorporated as a public joint stock company in the United Arab Emirates. The company's IPO closed on 3rd October and was heavily oversubscribed, raising Dh 288 billion from some 425,000 investors from across the Gulf region and over 100 nationalities worldwide.
Dana Gas plans to expand its business in this rapidly growing energy sector throughout the Gulf Region and the wider Middle East, including into upstream exploration and production, and downstream into gas-related industries.