OMV, ADNOC enter talks to create global chemical giant

OMV enters talks with ADNOC to form global chemical giant

ADNOC has been expanding a refining and chemicals hub in Abu Dhabi to find additional outlets for its oil and natural gas production

Borouge building material

Borouge supplies materials worth $26.5m to mega projects in MEA

The company’s materials contribute to reducing carbon emissions generated during the manufacturing process of the pipes and their operational lifespan

Borouge reports $1.4bn net profit in 2022

Abu Dhabi-based Borouge reports $1.4bn net profit in 2022

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's Ducab and UPI have signed an agreement with Borouge

Petrochem company Borouge wins two contracts worth $15m from UAE manufacturers

UAE-based Ducab and Union Pipes Industry will use Borouge solutions to produce power cables and pressure pipes for Borouge 4 infrastructure


Abu Dhabi’s Borouge reports 13.5% rise in nine-month revenue

The company’s revenue for the three months ending September 30, grew 8 percent year-on-year to equal $1.67bn

Borouge announces strong revenue growth of 16.4% YoY

Borouge announces strong revenue growth of 16.4% for H1 2022

Borouge reported that the adjusted EBITDA increased 1.7 per cent to $1,512m, whilst net income increased 2.5 per cent to $853m

Borouge 4 construction to commence in Ruwais

Borouge 4 construction to commence in Ruwais, early phase underway

Upon completion, the new project will add an additional 1.4 million tonnes of polyethylene

Abu Dhabi Securities Exchange

Abu Dhabi Securities Exchange’s market capitalisation hits $545bn

The market value of shares owned by foreign investors in Q1 2022 jumped 163 per cent to total Dhs131bn

Adnoc borouge

ADNOC delivers fourth consecutive record-setting IPO on ADX

The retail offering, which attracted higher retail demand than any UAE IPO in nearly 20 years, was 74 times oversubscribed

EFG Hermes concludes role as joint bookrunner on $2bn Borouge IPO

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 $2bn Abu Dhabi IPO draws $83bn of orders

Borouge’s shares will start trading on June 3


Offer price for Abu Dhabi’s largest ever listing set at Dhs2.45 per share

The IPO subscription period has commenced today, May 23, and will close for retail investors on May 28, 2022


ADNOC begins process to list Borouge on Abu Dhabi Securities Exchange

It intends to float 10 per cent of its petrochemicals joint venture that it entered into with Austria’s Borealis

Borouge starts up fifth polypropylene unit in Ruwais

The new facility will increase Borouge’s polypropylene production capacity by more than 25 per cent to 2.24 million tonnes per year