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This increase in dividends reflects the strength of Dana Gas’s financial position, supported by the resilience of its operations and a balanced approach to current geopolitical developments.
Hamid Dhiya Jafar, Chairman of the Board, said: “The approval of this dividend increase reflects the resilience of our business and our continued commitment to financial discipline, supported by improved oil prices. When the Board met in March, it adopted a cautious approach in light of prevailing geopolitical conditions. This dividend of 6.5 fils reflects improved conditions and greater clarity in the outlook, and it has the full support of the Board.”
He added that the Company remains committed to a progressive dividend policy in line with its ability to generate sustainable cash flows, while maintaining the financial flexibility needed to support its long-term growth objectives.