The company said it intends to nominate two representatives to the OMV supervisory board
ADNOC has been expanding a refining and chemicals hub in Abu Dhabi to find additional outlets for its oil and natural gas production
The company’s materials contribute to reducing carbon emissions generated during the manufacturing process of the pipes and their operational lifespan
The company delivered adjusted EBITDA of $541m in the fourth quarter, flat on a year-on-year basis with a net profit of $247m
UAE-based Ducab and Union Pipes Industry will use Borouge solutions to produce power cables and pressure pipes for Borouge 4 infrastructure
The company’s revenue for the three months ending September 30, grew 8 percent year-on-year to equal $1.67bn
Borouge reported that the adjusted EBITDA increased 1.7 per cent to $1,512m, whilst net income increased 2.5 per cent to $853m
Upon completion, the new project will add an additional 1.4 million tonnes of polyethylene
The market value of shares owned by foreign investors in Q1 2022 jumped 163 per cent to total Dhs131bn
The retail offering, which attracted higher retail demand than any UAE IPO in nearly 20 years, was 74 times oversubscribed
This the largest-ever listing in Abu Dhabi’s history since ADNOC Drilling’s $1.1bn IPO; EFG Hermes was also joint bookrunner for the IPO
Borouge’s shares will start trading on June 3
The IPO subscription period has commenced today, May 23, and will close for retail investors on May 28, 2022
It intends to float 10 per cent of its petrochemicals joint venture that it entered into with Austria’s Borealis
The new facility will increase Borouge’s polypropylene production capacity by more than 25 per cent to 2.24 million tonnes per year