22.2 billion dirhams, gains in “Borouge” shares in two trading sessions

The share of Borouge, the petrochemical joint venture between the Abu Dhabi National Oil Company “ADNOC” and its strategic partner “Borealis”, added about 5.7 billion dirhams to its market capital at the end of today’s session, continuing its gains for the second consecutive session, after listing on the Abu Dhabi Securities Exchange. Finance.

According to the monitoring of the Emirates News Agency "WAM", the market value of the "Borouge" company, upon listing, reached about $20.05 billion (73.64 billion dirhams), rising to 90.17 billion dirhams at the end of trading last Friday, reaching more than 95.8 billion dirhams at the end of the session. Today, Monday, which means gains of more than 22.2 billion dirhams in two sessions.

«Borouge» shares closed today, Monday, with an increase of 6.33% at the level of 3.19 dirhams, after trading 185.36 million shares, with a value of 585.3 million dirhams, through the implementation of 4954 deals.

Borouge shares were listed on the Abu Dhabi Stock Exchange last Friday, after completing the subscription process for the largest initial public offering ever in Abu Dhabi, and the largest for a petrochemical company in the Middle East.

Borouge is the fourth company to offer ADNOC part of its shares to the market since 2017, following the successful initial public offerings of ADNOC Distribution, ADNOC Drilling and Fertiglobe.

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