Borouge launched five new grades to meet the growing demand in the infrastructure and advanced packaging industries in the Middle East, Africa and Asia
ABU DHABI, 31st May, 2022 (WAM) Abu Dhabi National Oil Company (ADNOC) together with its long-standing partner Borealis AG today announced the successful completion of the bookbuild and public subscription process for the Initial Public Offering (IPO) of Borouge plc, their petrochemicals joint venture, on the Abu Dhabi Securities Exchange (ADX).
The offering of 3,005,769,158 ordinary shares (Offer Shares), equivalent to 10% of total issued share capital, and an offer price of AED2.45 per ordinary share, results in gross proceeds of over $2 billion.
Abu Dhabi National Oil Company (Adnoc) together with its long-standing partner Borealis AG on Tuesday announced the successful completion of the bookbuild and public subscription
UAE: Adnoc announces offer price for Borouge IPO khaleejtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from khaleejtimes.com Daily Mail and Mail on Sunday newspapers.
Abu Dhabi National Oil Company (Adnoc), together with its partner Borealis AG, plans to float 10 percent of Borouge, their petrochemicals joint venture, on the Abu Dhabi Securities Exchange (ADX) through an initial public offering (IPO).