A step that reflects the company's position and supports the diversity of shareholders
Borouge joins the FTSE global stock index series
Borouge Plc, a petrochemical company listed on the Abu Dhabi Securities Exchange under the symbol BOROUGE, has joined the “FTSE Russell” series of global stock indices, which includes three globally known indices: “FTSE Emerging Index,” “FTSE Global Index of Leading Companies.” Big Money", and the "FTSE World Record Index", as of June 10, 2022.
international standing
A statement by the company stated that investors around the world are guided by FTSE Russell's indicators in terms of asset allocation decisions and building investment portfolios.
The statement pointed out that Borouge's accession to these main indicators reflects the company's position, its diversified global presence, and its strong growth path, and contributes to supporting the diversification of its shareholder base and attracting more investors from all over the world.
Subscribe to "Borouge"
The statement pointed out that the Abu Dhabi National Oil Company "ADNOC" and its strategic partner, "Borealis", successfully completed on June 3, 2022, the listing of a share of the shares of "Borouge", which represents 10% of the total issued capital in the Abu Dhabi Stock Exchange.
The initial public offering generated total revenues of more than $2 billion, making it the largest IPO ever in Abu Dhabi's history, and the largest for a petrochemical company in the Middle East.
The offering was well received by individual investors and qualified investors in the UAE, achieving the highest levels of coverage by individual investors in the UAE for nearly two decades.
strength and experience
Founded in 1998, Borouge combines the strengths and experience of the company's major shareholders: ADNOC and Borealis, through its petrochemical production facilities in Abu Dhabi, and its marketing and sales centers in Singapore.
Borouge is considered one of the largest global companies in providing innovative and diversified polyolefins solutions to serve several sectors, including: infrastructure, energy, agriculture, automobiles, healthcare, and advanced packaging.
The company employs more than 3,100 employees and provides its services to clients in more than 50 countries in Asia, the Middle East and Africa.
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