Borouge plc (BOROUGE)

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News

11 June 11:20 AM ADNOC L&S, Borouge join forces to boost UAE’s petrochemicals production

Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) and Borouge have entered a 15-year strategic partnership to expand the production and export of petrochemicals from the UAE, according to a press release. The agreement will deliver a …

Companies Investments

30 April 04:48 PM Borouge announces $281m profits in Q1-25, higher cash dividends

Abu Dhabi – Mubasher: Borouge witnessed an annual rise of 3% in net profit to $281 million during the first quarter (Q1) of 2025, compared to $273 million. Revenues increased by 9% year-on-year (YoY) to $1.42 billion as of 31 March 2025 from $1.30 …

Cash Dividends

4 February 11:42 AM Borouge’s profits leap 24% in 2024; dividends for H2-24 proposed

Abu Dhabi – Mubasher: Borouge recorded net profits amounting to $1.23 billion in 2024, up 24% year-on-year (YoY) from $1 billion, according to the financial results. The revenues enlarged to $6.02 billion last year from $5.79 billion in 2023, …

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3 February 02:31 PM ADNOC mulls creating global polyolefins group

Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) has confirmed negotiations with OMV AG about setting up a new global polyolefins group, according to a bourse filing. ADNCO proposed acquiring Nova Chemicals Corporation from Mubadala …

Global Economy

29 October 2024 00:00 PM Borouge achieves $908m net profits in 9M-24; dividends unveiled

Abu Dhabi – Mubasher: The net profits of Borouge jumped to $908 million in the first nine months (9M) of 2024 from $713 million in 9M-23, according to the financial results. The revenues amounted to $4.40 billion as of 30 September 2024, up …

Financial Results

7 October 2024 09:34 PM Borouge enters into AED 20m agreement with Union Pipes Industry

Abu Dhabi – Mubasher: Borouge recently signed an agreement with Union Pipes Industry (UPI) at a total value of AED 20 million where the listed company will supply UPI with 100% post-consumer recycled (PCR) polypropylene, according to a press …

Companies Investments

4 September 2024 10:33 AM Borouge’s shareholders greenlight $650m interim cash dividend for H1-24

Abu Dhabi – Mubasher: The shareholders of Borouge approved an interim cash dividend of $650 million for the first half (H1) of 2024, according to a press release. The company will disburse 7.94 fils per share, representing an annualised dividend …

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31 July 2024 01:50 PM Borouge logs 35% YoY profit surge in H1-24

Abu Dhabi – Mubasher: Borouge posted a 35% year-on-year (YoY) increase in net profit to $581 million in the firsts half (H1) of 2024. The company’s revenue was unchanged at $2.81 billion in H1-24 compared to the same period of last year, according …

Financial Results

23 July 2024 03:42 PM Borouge, ADNOC join consortium to develop polyolefins complex in China.

Abu Duabi – Mubasher: A consortium of Borouge, Abu Dhabi National Oil Company (ADNOC), and Borealis has signed a collaboration agreement with China’s Wanhua Chemical and its subsidiary Wanrong New Materials (Fujian) a speciality polyolefins …

Companies Investments

30 April 2024 02:00 PM Borouge’s profits rise to nearly $273m in Q1-24 initial results

Abu Dhabi – Mubasher: The net profits of Borouge amounted to $272.70 million in the first quarter (Q1) of 2024, an annual increase of 37% from $199.28 million. The company's revenues dropped by 6% to $1.30 billion in Q1-24 from $1.38 billion in …

Financial Results

31 March 2024 03:44 PM Borouge’s AGM greenlights dividends for 2023, 2024

Abu Dhabi – Mubasher: Borouge unveiled the approval of its shareholders to disburse cash dividends of $650 million for 2023, according to a press release. The company will distribute a dividend of 7.94 fils per share as agreed at the annual …

General Assembly

3 March 2024 03:24 PM Borouge opens new offices in Kenya, South Korea to widen global footprint

Abu Dhabi – Mubasher: Borouge has established new offices in Kenya and South Korea in line with its strategic plans to expand its market share in high-growth geographies, according to a press release. Besides its sales and marketing office in …

Companies Investments

1 February 2024 04:06 PM Borouge logs $1bn net profits in 2023; dividends proposed

Abu Dhabi – Mubasher: Borouge recorded 29% lower net profits at $1 billion in 2023, compared to $1.40 billion in the 12-month period that ended on 31 December 2022. The firm generated revenue amounting to $5.79 billion in 2023, down 14% …

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14 January 2024 01:54 PM Borouge pens AED 160m supply deal with NAFFCO

Abu Dhabi – Mubasher: Borouge signed an agreement with NAFFCO, a leading UAE-based manufacturer and supplier of fire protection systems, at a value of AED 160 million. Under the deal, the listed company will supply NAFFCO’s local and regional …

Companies Investments

30 October 2023 11:16 AM Borouge’s net profits shrink 39% in 9M-23

Abu Dhabi – Mubasher: Borouge achieved net profits worth $713 million in the first nine months (9M) of 2023, down 39% year-on-year (YoY) from $1.16 billion. Revenues hit $4.29 billion during January-September 2023, an annual decline of 16% from …

Financial Results

31 August 2023 02:49 PM Borouge to disburse $650m cash dividends for H1-23

Abu Dhabi – Mubasher: The shareholders of Borouge approved an interim dividend of $650 million (AED 2.38 billion) for the first half (H1)of 2023, according to a press release. The company will disburse a dividend of 7.90 fils per share to …

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30 July 2023 10:23 AM Borouge announces $431m profits in H1-23, dividends

Abu Dhabi – Mubasher: The net profits of Borouge hit $431 million during the first half (H1) of 2023, an annual drop from $853 million. The firm posted a year-on-year (YoY) plunge in revenue to $2.79 billion during January-June 2023 from $3.46 …

Financial Results

16 July 2023 10:09 AM ADNOC eyes merger of Borouge, Borealis

Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) has entered into formal negotiations with Austria’s integrated oil, gas, and petrochemical firm OMV AG to create a new combined petrochemicals holding entity. The new chemicals and …

Mergers and Acquisitions

30 April 2023 10:44 AM Borouge’s profits to shareholders hit $198m in Q1-23 initial financials

Abu Dhabi – Mubasher: Borouge posted net profits attributable to the owners amounting to $198 million in the first quarter (Q1) of 2023, versus $359 million in Q1-22. Revenues stood at $1.38 billion in Q1-23, an annual drop from $1.59 billion, …

Financial Results

14 March 2023 11:47 AM Borouge’s shareholders greenlight H2-22 dividends

Abu Dhabi – Mubasher: The shareholders of Borouge approved the board’s recommendation to distribute cash dividends worth $650 million (AED 2.38 billion) for the second half (H2) of 2022. This brings the full-year post-IPO cash dividends to $975 …

Board of Directors

2 February 2023 11:25 AM Borouge records $1.39bn profits to owners in 2022; dividends for H2-22 unveiled

Abu Dhabi – Mubasher: The net profits attributable to the equityholders of Borouge plummeted to $1.39 billion in 2022 from $1.51 billion in 2021. The company generated revenues worth $6.72 billion during January-December 2022, up 8.30% …

Board of Directors

11 January 2023 04:42 PM Borouge secures AED 55m contracts from Ducab, UPI

Abu Dhabi – Mubasher: Borouge has announced two new agreements with Ducab and Union Pipes Industry (UPI) at an aggregated value of AED 55 million ($15 million) for polyolefins supplies. The two companies will utilize Borouge’s materials to …

Companies Investments

31 October 2022 00:39 PM Borouge’s profits shrink to $1.16bn in 9M-22

Abu Dhabi – Mubasher: Borouge recorded net profits worth $1.16 billion in the first nine months (9M) of 2022, down from $1.22 billion in the year-ago period, according to the financial results. Revenues reached $5.13 billion during …

Financial Results

26 September 2022 00:32 AM Borouge to pay $325m dividends for H1-22

Abu Dhabi – Mubasher: Borouge has announced interim cash dividends worth $325 million (AED 1.20 billion), representing 6.70% of the capital, for the first half (H1) of 2022. The petrochemical firm will distribute 3.97 fils per share on 17 October, …

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