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Borouge launches new polyolefin solutions for the MENA market

Borouge launched five new grades to meet the growing demand in the infrastructure and advanced packaging industries in the Middle East, Africa and Asia ....

Al Qahirah , Asia Pacific , Khalfan Mohamed Almuhairi , Borealis Borstar , Boreali Borstar , Borouge Plc , Middle East , Adobe Stock , Bulk Continuous Filament , North Africa ,

Emirates News Agency - ADNOC delivers latest blockbuster IPO, largest-ever Abu Dhabi listing to date

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. ....

Abuz Aby , United Arab Emirates , Abu Dhabi , Boreali Borstar , Abu Dhabi National Oil Company , Abu Dhabi Securities Exchange , Dhabi National Oil Company , Initial Public Offering , Offer Shares , Qualified Institutional , Chemicals Zone ,