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Share price 15 Apr 2009 0.94 dhs
Price/earnings (annualised)
Latest report DANA 2008 FY report
Stock market Abu Dhabi Securities Exchange
Founding date 20 Nov 2005 Listing date 20 Nov 2005
Auditor Ernst & Young
Chairman of DANA Mr Hamid Dhiya Jafar
CEO of DANA Rashid Saif Al Jarwan (General Manager)
Foreign ownership limit Maximum 49%
Total shares outstanding 5,910,000,000
Market capitalisation (AED) 5,555,400,000
Par value 1 Dh per share
Dividends for 2013 FY
Cash dividend yield
Fair Value estimate
Share price rating  
Difference from fair value
Consider buying below
Consider selling above
Latest share data for DANA orders | trades | chart
Ratings, estimates, comments are opinions only, and are not to be taken as advice to buy, sell or hold shares. E&OE.
DANA reports
* annualised
Date Profit
AED
EPS
AED
EPS*
AED
Price
AED
PE* PBV ROE* ROS
DANA 2008 FY 01 Feb 2009 120m 0.02 0.02 0.55 27.1 0.5 1.7% 10.5%
DANA 2008 Q4 01 Feb 2009 35.0m 0.01 0.02 0.55 23.2 0.5 2.0% 14.7%
DANA 2008 Q3 15 Nov 2008 26.0m 0.00 0.02 0.72 40.9 0.6 1.4% 8.1%
DANA 2008 Q2 14 Aug 2008 34.0m 0.01 0.02 1.70 75.0 1.4 1.9% 11.0%
DANA 2008 Q1 15 May 2008 25.0m 0.00 0.02 2.03 121.8 1.7 1.4% 9.2%
DANA 2007 FY 31 Jan 2008 111m 0.02 0.02 2.30 124.3 1.9 1.6% 10.7%
DANA 2007 Q4 31 Jan 2008 39.0m 0.01 0.03 2.30 88.5 1.9 2.2% 12.3%
DANA 2007 Q3 14 Nov 2007 22.0m 0.00 0.01 2.18 148.6 1.9 1.3% 8.0%
DANA 2007 Q2 15 Aug 2007 29.0m 0.00 0.02 1.66 85.9 1.5 1.7% 12.0%
DANA 2007 Q1 15 May 2007 21.0m 0.00 0.01 1.41 100.7 1.2 1.2% 10.4%
DANA 2006 FY 30 Jan 2007 0.81bn 0.14 0.14 1.46 10.6 1.3 11.9%  
DANA 2005 FY 0.65bn              
Share price 15 Apr 2009 0.94 dhs
Price/earnings (annualised)
Latest report DANA 2008 FY report
Stock market Abu Dhabi Securities Exchange
Founding date 20 Nov 2005 Listing date 20 Nov 2005
Auditor Ernst & Young
Chairman of DANA Mr Hamid Dhiya Jafar
CEO of DANA Rashid Saif Al Jarwan (General Manager)
Foreign ownership limit Maximum 49%
Total shares outstanding 5,910,000,000
Market capitalisation (AED) 5,555,400,000
Par value 1 Dh per share
Dividends for 2013 FY
Cash dividend yield
Fair Value estimate
Share price rating  
Difference from fair value
Consider buying below
Consider selling above
Latest share data for DANA orders | trades | chart
Ratings, estimates, comments are opinions only, and are not to be taken as advice to buy, sell or hold shares. E&OE.
DANA reports
* annualised
Date Profit
AED
EPS
AED
EPS*
AED
Price
AED
PE* PBV ROE* ROS
DANA 2008 FY 01 Feb 2009 120m 0.02 0.02 0.55 27.1 0.5 1.7% 10.5%
DANA 2008 Q4 01 Feb 2009 35.0m 0.01 0.02 0.55 23.2 0.5 2.0% 14.7%
DANA 2008 Q3 15 Nov 2008 26.0m 0.00 0.02 0.72 40.9 0.6 1.4% 8.1%
DANA 2008 Q2 14 Aug 2008 34.0m 0.01 0.02 1.70 75.0 1.4 1.9% 11.0%
DANA 2008 Q1 15 May 2008 25.0m 0.00 0.02 2.03 121.8 1.7 1.4% 9.2%
DANA 2007 FY 31 Jan 2008 111m 0.02 0.02 2.30 124.3 1.9 1.6% 10.7%
DANA 2007 Q4 31 Jan 2008 39.0m 0.01 0.03 2.30 88.5 1.9 2.2% 12.3%
DANA 2007 Q3 14 Nov 2007 22.0m 0.00 0.01 2.18 148.6 1.9 1.3% 8.0%
DANA 2007 Q2 15 Aug 2007 29.0m 0.00 0.02 1.66 85.9 1.5 1.7% 12.0%
DANA 2007 Q1 15 May 2007 21.0m 0.00 0.01 1.41 100.7 1.2 1.2% 10.4%
DANA 2006 FY 30 Jan 2007 0.81bn 0.14 0.14 1.46 10.6 1.3 11.9%  
DANA 2005 FY 0.65bn              

DANA opinion, news, reports, researchTop


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DANA latest news (links open in new window)Top

News Item

Dubai Financial Market registers minor fall to 4622, ADX up 1 per cent to 4950 gulfnews.com Abu Dhabi: The Dubai Financial Market (DFM) index continued to move slowly for the second day in a row on Wednesday, falling 0.09 per cent to end at 4,622.11, while the Abu Dhabi Securities Exchange (ADX) general index gained 1.06 per cent to reach ... More ...


News Item

RAK Petroleum to go ahead with Norwegian IPO next month The National RAK Petroleum was set to be the latest greenfield, and its planned IPO came only a few months after the successful public share sale of Sharjah-based Dana Gas , which in 2005 planned to take on upstream oil and gas operations in the region including a ... and more » More ...


News Item

Rak Petroleum launches Dh11m IPO in Norway Emirates 24/7 Ras Al Khaimah Petroleum (Rak Petroleum), the UAE-based oil and gas investment firm, today announced that it is launching initial public offering (IPO) in Norway. In a press statement, the company said the size of the offering is approximately NOK20 million ... and more » More ...


News Item

Dubai index rises back above 200-day average Emirates 24/7 The firm's third-quarter profit was 248 million riyals ($68.1 million), according to Reuters calculations, above the estimate of QNB Financial Services, which had forecast 213.5m riyals. Saudi Arabia's index rose 1.5 per cent even as shares in Saudi Basic ... More ...


News Item

Abu Dhabi to tap sour gas with a $10b Shah gas project gulfnews.com Popular in Oil and Gas. 1. Gulf oil producers seen riding out price plunge. 2. Fuel smugglers drain Indonesia's economy. 3. Dana Gas receives $83m in collections. 4. New oil find raises hopes for the Philippines. 5. Oil in Dubai: History & timeline ... and more » More ...


News Item

ADX out to woo Asian investors The National Executives from leading ADX blue chips – the National Bank of Abu Dhabi, First Gulf Bank, Aldar, Dana Gas , Agthia (the foods group majority owned by the Senaat conglomerate) and RAK Bank – will attend the roadshows. They will meet 20 of Asia's largest ... More ...


News Item

MIDEAST STOCKS-Strong results, steady Europe buoy most markets Reuters Africa Dana Gas jumps after collecting some cash in Egypt, Iraq. * Saudi Basic Industries slides after shelving expansion project. * Kuwait edges up, but still down year-to-date. By Olzhas Auyezov. DUBAI, Oct 23 ( Reuters ) - Most stock markets in the Middle East ... More ...


News Item

The National New man in Total's hot seat knows Abu Dhabi is key to the company The National The new chief of Total knows the central importance of Abu Dhabi to the company and has been intimately involved in the negotiations to secure a new concession in the emirate, according to his senior colleagues. Patrick Pouyanné, who was head of Total's ... More ...


News Item

Dana Gas sells Mol shares ahead of earnings The National Dana Gas has sold part of its remaining stake in Mol Group and received arrears payments from the Egyptian and Kurdish governments. Dana Gas , headquartered in Sharjah, said on Thursday it had raised US$83 million from the combination of share sale ... More ...


News Item

Dana Gas receives $83m in collections gulfnews.com In relation to its Kurdistan operations, Dana Gas has received a cash advance of $18 million (Dh66.6 million) as part of its 40 per cent share in the Pearl Petroleum Joint Venture (PPCL) in the Kurdistan Region of Iraq. This is the result of the commencement of ... More ...


Newsfeed from Google News. See also latest UAE market news.

DANA opinion, news, reports, researchTop


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Dana Gas financial statements & accountsTop
PDF files (new window) 2004 2005 2006 2007 2008
DANA First Quarter     2006Q1 2007Q1 2008Q1
DANA Second Quarter     2006Q2 2007Q2 2008Q2
DANA Third Quarter     2006Q3 2007Q3  2008Q3
DANA Preliminary FY Report   2005PR 2006PR  2007PR  2008PR 
DANA Final Annual Report   2005FY 2006FY 2007FY

Links are to the relevant PDF report on the ESCA website and are provided as a convenience by ShareWadi.com. We are not responsible for the content or availability of any external sites or pages. If accounts are not available from ESCA, try the ADX or DFM website.

DANA latest news (links open in new window)Top

News Item

Dubai Financial Market registers minor fall to 4622, ADX up 1 per cent to 4950 gulfnews.com Abu Dhabi: The Dubai Financial Market (DFM) index continued to move slowly for the second day in a row on Wednesday, falling 0.09 per cent to end at 4,622.11, while the Abu Dhabi Securities Exchange (ADX) general index gained 1.06 per cent to reach ... More ...


News Item

RAK Petroleum to go ahead with Norwegian IPO next month The National RAK Petroleum was set to be the latest greenfield, and its planned IPO came only a few months after the successful public share sale of Sharjah-based Dana Gas , which in 2005 planned to take on upstream oil and gas operations in the region including a ... and more » More ...


News Item

Rak Petroleum launches Dh11m IPO in Norway Emirates 24/7 Ras Al Khaimah Petroleum (Rak Petroleum), the UAE-based oil and gas investment firm, today announced that it is launching initial public offering (IPO) in Norway. In a press statement, the company said the size of the offering is approximately NOK20 million ... and more » More ...


News Item

Dubai index rises back above 200-day average Emirates 24/7 The firm's third-quarter profit was 248 million riyals ($68.1 million), according to Reuters calculations, above the estimate of QNB Financial Services, which had forecast 213.5m riyals. Saudi Arabia's index rose 1.5 per cent even as shares in Saudi Basic ... More ...


News Item

Abu Dhabi to tap sour gas with a $10b Shah gas project gulfnews.com Popular in Oil and Gas. 1. Gulf oil producers seen riding out price plunge. 2. Fuel smugglers drain Indonesia's economy. 3. Dana Gas receives $83m in collections. 4. New oil find raises hopes for the Philippines. 5. Oil in Dubai: History & timeline ... and more » More ...


News Item

ADX out to woo Asian investors The National Executives from leading ADX blue chips – the National Bank of Abu Dhabi, First Gulf Bank, Aldar, Dana Gas , Agthia (the foods group majority owned by the Senaat conglomerate) and RAK Bank – will attend the roadshows. They will meet 20 of Asia's largest ... More ...


News Item

MIDEAST STOCKS-Strong results, steady Europe buoy most markets Reuters Africa Dana Gas jumps after collecting some cash in Egypt, Iraq. * Saudi Basic Industries slides after shelving expansion project. * Kuwait edges up, but still down year-to-date. By Olzhas Auyezov. DUBAI, Oct 23 ( Reuters ) - Most stock markets in the Middle East ... More ...


News Item

The National New man in Total's hot seat knows Abu Dhabi is key to the company The National The new chief of Total knows the central importance of Abu Dhabi to the company and has been intimately involved in the negotiations to secure a new concession in the emirate, according to his senior colleagues. Patrick Pouyanné, who was head of Total's ... More ...


News Item

Dana Gas sells Mol shares ahead of earnings The National Dana Gas has sold part of its remaining stake in Mol Group and received arrears payments from the Egyptian and Kurdish governments. Dana Gas , headquartered in Sharjah, said on Thursday it had raised US$83 million from the combination of share sale ... More ...


News Item

Dana Gas receives $83m in collections gulfnews.com In relation to its Kurdistan operations, Dana Gas has received a cash advance of $18 million (Dh66.6 million) as part of its 40 per cent share in the Pearl Petroleum Joint Venture (PPCL) in the Kurdistan Region of Iraq. This is the result of the commencement of ... More ...


Newsfeed from Google News. See also latest UAE market news.

Dana Gas comments & notesTop

10 December 2006 comments

Dana Gas has or is trying to have a presence in several countries - UAE, Canada, Bahrain, Iran, Saudi Arabia, Pakistan, Egypt, and there is a tenuous connection to Iraq in there somewhere, possibly LNG terminals in Pakistan, Lebanon and Kuwait, and regional offices planned for Qatar, Bahrain, and Egypt. A short summary is here - Dana background.

Dana Gas (sometimes DanaGas but not Danan Gas) was established in 2005 to take advantage of oil and gas exploration and development opportunities in the Gulf, Middle East and MENA regions. Founders hold over 65% of DANA shares. They include a large number of the UAE, Gulf, and international banks, investment companies and individuals. The Government of Sharjah, the Bank of Sharjah, and Crescent Petroleum (not the same as CNGCL) own almost 33% of Dana Gas.

The IPO came at the height of a frenzy of IPOs in the region and the Dana Gas IPO was one of the largest at 140 times oversubscribed with AED 280 billion being raised. At the time of subscription in September 2005, newspapers carried reports of chaos at banks in the UAE when they were swamped by investors, and having to lock them out. Flights from Saudi Arabia were fully booked for a month with investors wanting to subscribe. One of the attractions was the intention of offering a minimum allotment of 5000 shares per person for GCC and UAE nationals. In the end, that had to be reduced to about 1500 shares per investor.

Dana Gas owns two subsidiaries - Sajaa Gas Private Limited Company (SAJGAS) and United Gas Transmissions Company (UGTC) - and a 35% share of Crescent National Gas Corporation Ltd (CNGCL). All three companies are based in Sharjah. The remainder of CNGCL is owned by Crescent Petroleum.

CNGCL has a 25 year agreement with Iran's NIOC (National Iranian Oil Company) to buy natural gas off them and supply it via the Iran-UAE pipeline to the Hamriya Free Zone in Sharjah. The pipeline itself is a $1 billion or AED 3.57 billion project. In March 2006 there was a dispute over pricing - the Iranians claimed that the price originally agreed was too low. By May 2006 there was reportedly an agreement that gas would be flowing by the end of 2006. Well, unless the Iranians renege again...

  • 25 Nov 2006 - Dana Gas opens new office in Al Khobar, Saudi Arabia. No further information on possible projects.
  • 13 Nov 2006 - Dana Gas will buy Centurion Energy in Canada for AED 3.7 bn.
  • 30 Oct 2006 - Dana Gas signs an agreement with Single Buoy Moorings (SBM) from Holland to develop LNG terminals in the region, initially targetting Pakistan, Kuwait, Lebanon.
  • 02 Oct 2006 - Dana Gas forms Danagaz in Bahrain, ownership will be shared - DANA will have 66% and the Bahraini partners will have 34%. Danagaz's first project will be to build, own and operate the Gulf of Suez Gas Liquids Plant in Egypt.
  • 05 Aug 2006 - Emirates Today reports Dana Gas expected profit for 2006 of AED 228 million, and forecast to double by 2010 to AED 490 million. Revenues expected to grow from 57.3 m dhs in 2006 to 960m dhs in 2006 (presumably one of those numbers is a misprint) and 5.3 bn dhs in 2010.
  • 05 Aug 2006 - Emirates Today also reported that Dana Gas is likely to buy 51% of the Pakistani Sui Southern Gas Company in 2007.
  • 03 Jan 2006 - Dana Gas and Emarat sign AED 670 million joint gas project.
Contact details and investor informationTop
  • Dana Gas, PO Box 2011, Sharjah, UAE. Tel +971-6-5569444.
  • www.danagas.ae - DANA website home page.
  • mail@danagas.ae - Dana Gas email.
DANA - related external links (open in new window)Top
  • www.sca.ae - ESCA profile. Includes share ownership details, board of director names, meeting dates, financial statements and annual report.
  • www.adx.ae - ADX financial disclosures, news and information.

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This page last updated 26-Nov-2009. Company information last updated 16 Oct 2008. E & OE.