The new ownership structure will see ADNOC holding 49% of the company and giving it a valuation of $1.4 billion, according to a joint company press release.
Abu Dhabi-based Fertiglobe, the largest nitrogen fertilizer producer in Mena region, has approved a cash dividend of $200 million (equivalent to 9 fils/share) for H2 2023 to its shareholders. This brings the total dividends for FY 2023 to $475 million.
Fertiglobe shareholders, at the firm s AGM, have approved a cash dividend of $200 million, equivalent to 9 fils/share, for H2 2023 taking the total dividends for the fiscal year 2023 to $475 million.