The company, a joint partnership between Abu Dhabi’s ADNOC and the Netherlands-based OCI, reported a revenue rise of 113 per cent to $3.31bn in 2021
The three companies will study the development, design, financing, operation, and maintenance of an industrial-scale facility in Al Ruwais, Abu Dhabi
The company reported revenue of $1.55bn in 2020 and $1.26bn for the first six months of 2021
The company will be valued at $5.8bn and the stock will start trading in Abu Dhabi on October 27
ADNOC and OCI are offering 13.8 per cent of Fertiglobe in the IPO
The facility which will likely be operational by 2025, will have a capacity of up to 1 million tons per annum
The company could be valued at about $7bn including debt in the listing
Deliberations on the potential listings are ongoing and no final decisions have been made