Global Expansion and Record Payouts: Borouge PLC Shareholders Approve $1.32 Billion Dividend
ABU DHABI — Borouge PLC, a titan in the petrochemical industry, has solidified its reputation as a cornerstone of the Abu Dhabi Securities Exchange (ADX) by securing shareholder approval for a massive $1.32 billion total dividend payout for the 2025 fiscal year.
The decision, finalized during the company’s General Assembly Meeting on April 7, 2026, comes at a transformative moment as the company evolves into a global polyolefins powerhouse.
Rewarding Shareholders Amidst Resilience
The newly approved final dividend of $658 million (8.1 fils per share) is set to be distributed around May 7, 2026. This brings the total 2025 distribution to 16.2 fils per share, marking a significant milestone in the company’s history.
Since its public listing, Borouge has distributed a staggering $4.89 billion to investors, maintaining its position as one of the most consistent and high-yielding entities on the ADX.
"Borouge PLC continues to lead the industry as the world’s most profitable polyolefins company. We are evolving into a global powerhouse, combining technology leadership and expanded scale across North America, the Middle East, and Europe." — Dr. Sultan Ahmed Al Jaber, Chairman of Borouge PLC and ADNOC Managing Director.
The Birth of a Global Giant: Borouge International
The dividend announcement follows the landmark completion of a merger on March 31, 2026. XRG and OMV successfully combined Borouge PLC and Borealis GmbH to form Borouge Group International AG (Borouge International). This new entity also includes the acquisition of NOVA Chemicals, creating the world’s leading pure-play polyolefins company.
Key Future Milestones:
- The Tender Offer: In 2027, Borouge PLC shares are expected to be converted into Borouge International shares, aligned with a future equity raise to maximize value.
- Listing Status: Until the conversion, Borouge PLC will remain listed on the ADX, and shareholders are guaranteed the continued annual dividend of 16.2 fils per share.
- The Borouge 4 Advantage: A new agreement with ADNOC and OMV grants Borouge PLC operational control and marketing rights for the Borouge 4 mega-project, a move expected to generate $400 million in cumulative net profit over the next three years.
Navigating Operational Challenges
While the financial outlook is robust, the company is currently navigating short-term operational hurdles. Following an incident on April 5, production at certain facilities in Ruwais has been temporarily suspended for damage assessment and repairs.
However, the company remains optimistic due to several factors:
- Strong Market Timing: A global shortage of polyolefins has driven a sharp recovery in prices throughout March and April.
- Strategic Inventory: Borouge successfully sold a significant portion of its Q1 production through alternative routes and has ample inventory in storage.
- Liquidity: With record cash generation and high utilization rates in early 2026, the company possesses the financial "fortress" required to weather brief disruptions.
Looking Ahead
CEO Hazeem Sultan Al Suwaidi emphasized that the company’s focus remains on high-margin, differentiated products. As Borouge transitions into its international phase, its ability to maintain a "leading cost position" while delivering record-breaking returns suggests that even amidst regional volatility, the company's trajectory remains firmly upward.
Key Dates for Shareholders:
- Record Date: 17 April 2026
- Payment Date: On or around 7 May 2026
