Goldilocks Investment Company today announced that it is currently holding a 5.21 percent stake in Dana Gas.

Goldilocks is encouraged by Dana Gas’ positive operational performance and improving financial condition, the company said in a statement.

Goldilocks looks forward to working with all stakeholders to enhance Dana Gas’ profile and to make it one of UAE’s successful and profitable oil and gas companies, it said.

“Goldilocks is supported by other Dana Gas shareholders such as Integrated Capital and Abu Dhabi Financial Group. Together with Goldilocks, these shareholders hold around 9% of Dana Gas’ total shares collectively,” the statement said.

Launched in 2015, Goldilocks is an investment fund with a mandate to invest in listed equities by taking a constructive activist role to unlock value.

The fund is managed by ADCM Altus Investment Management Limited, an indirect subsidiary of ADFG. ADFG is a leading global investment group that provides a wide range of investment opportunities to a substantial and diversified investor base that includes corporations, financial institutions, governments and individuals. - TradeArabia News Service