Abu dhabi: Borouge Plc confirms shareholder approval at its 7th April General Assembly Meeting of a final 2025 dividend of $1.32 billion, reflecting the Company's strong operational performance and record sales.
According to Emirates News Agency, the final shareholder-approved dividend payment for 2025 amounts to $658 million (8.1 fils per share), bringing the total 2025 dividend to approximately $1.32 billion (16.2 fils per share). The dividend will be paid on or around 7th May 2026 to all shareholders of record as of 17 April 2026. Including this dividend, Borouge Plc will have distributed $4.89 billion in dividends since listing, marking one of the largest payout levels on the Abu Dhabi Securities Exchange (ADX) over this period.
Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, ADNOC Managing Director and Group CEO, Executive Chairman of XRG, and Chairman of Borouge Plc, emphasized the company's market resilience and its role as the world's most profitable polyolefins company. He highlighted Borouge International's growth, combining technology leadership, cost efficiency, and expanded scale across North America, the Middle East, and Europe. These advantages are expected to strengthen the company, making it more resilient and well-positioned to deliver sustained value to shareholders.
On 31st March 2026, the combination of Borouge Plc and Borealis GmbH (Borealis) into Borouge Group International AG (Borouge International), along with the acquisition of NOVA Chemicals Corporation (NOVA), was completed, creating the world's leading pure-play polyolefins company.
Hazeem Sultan Al Suwaidi, Chief Executive Officer of Borouge, stated that the company delivered strong and resilient performance in 2025, reaffirming the strength of its operating model amidst a dynamic global polyolefins market. He emphasized the focus on delivering value for shareholders through high-margin, differentiated products and sustaining strong pricing premia across its portfolio.
The proposed tender offer, which would convert Borouge Plc shares to Borouge International shares, is expected to align with the new company's future equity raise to maximize shareholder value. The tender offer is anticipated to take place in 2027, subject to market conditions and approval by the UAE Capital Market Authority. Until then, Borouge International will remain privately held, and Borouge Plc will continue to be listed on the ADX, with shareholders benefiting from the intended annual dividend of 16.2 fils per share.
Under a new agreement with ADNOC and OMV, Borouge Plc has gained operational control and marketing rights for the Borouge 4 mega project. This agreement is projected to generate a cumulative net profit of $400 million over the next three years, representing approximately 10% annual earnings accretion to Borouge Plc following full ramp-up.
Borouge Plc has reported that it is closely monitoring the current situation and coordinating with UAE authorities to protect its people, facilities, and operations. Following an incident on 5 April, production activity in affected areas at Borouge's facility in Ruwais has been temporarily suspended for damage assessment and repairs.
In the first quarter of 2026, Borouge achieved high utilization rates and sold a significant proportion of its production in March through alternative routes, with additional inventories stored ahead of shipment. A global shortage of polyolefins is driving a strong recovery in prices that began in March and continues in April. Borouge maintains financial resilience to navigate short-term operational disruptions due to its robust cash generation and significant available liquidity.