Borouge PLC has announced that its shareholders approved a distribution of interim dividends amounting to 2.42 billion AED (approximately 660 million USD) at the general assembly meeting held on August 29. This equates to 8.1 fils per share, reflecting the company’s robust performance during the first half of the year, supported by strong pricing power, disciplined cost management, and sales of inventory.
During the meeting, the company reiterated its commitment to distribute a total dividend of 16.2 fils per share for the year 2025, an increase from 15.88 fils in 2024, with the final distribution of 8.1 fils per share expected to be paid in the first quarter of 2026.
Since its initial public offering in June 2022, Borouge has declared total dividends amounting to 15.57 billion AED (approximately 4.24 billion USD), yielding a cumulative return of 30%. The company has also shown confidence in its future prospects by repurchasing 141 million shares under the share buyback program approved at the annual general meeting in April of this year.
Hazeem Sultan Al Suwaidi, CEO of Borouge, stated, “Borouge has a strong track record of delivering substantial and sustainable returns to shareholders, backed by our robust operations, disciplined cost management, and stable pricing margins. As we look forward to the planned establishment of the international Borouge group, anticipated to be finalized in the first quarter of 2026, we are committed to maintaining our excellent performance and solidifying our position as one of the top dividend yield companies in the Abu Dhabi Securities Exchange.”
Significant operational and financial results for the company in the first half of the year include a net profit of 1.74 billion AED (approximately 474 million USD), driven by strong sales volumes, pricing advantages, and disciplined cost management. Additionally, scheduled maintenance for the Borouge 3 facility was completed ahead of schedule and within budget.
Strategic Expansion
The company also reported that construction on the massive Borouge 4 project has surpassed 90% completion, which will add an annual production capacity of 1.4 million tons upon its completion by the end of 2026, contributing significant added value for shareholders. Furthermore, they anticipate finalizing the establishment of the Borouge International group in the first quarter of 2026, with regulatory paperwork and merger plans currently underway.
The new Borouge International group is set to become a leading global entity in the petrochemicals sector, valued at 220 billion AED (approximately 60 billion USD), and will be the fourth largest producer of polyolefins globally. The new group aims to maintain an annual minimum dividend of 16.2 fils per share until at least 2030, subject to obtaining the necessary approvals.