Borouge shareholders approve $1.32 billion 2025 dividend

Shareholders in Abu Dhabi-listed Borouge approved a $1.32 billion dividend for 2025 on Tuesday, as the petrochemicals company reported strong financial performance.

The final payout of $658 million will be distributed in May, bringing total dividends since the company’s listing to nearly $4.9 billion, among the highest on the Abu Dhabi Securities Exchange.

The announcement comes as Borouge confirmed it is managing the impact of a recent incident at its Ruwais facility, where production in some areas has been temporarily suspended while damage is assessed and repairs are carried out.

Despite this, the company said it has continued to meet demand, using alternative routes and existing inventories to maintain supply.

Borouge also reported strong operating conditions, with high production rates and rising prices for polyolefins, driven by a global shortage.

The company is entering a new phase following the creation of Borouge International, formed through a merger with Austria-based Borealis and the acquisition of Canada’s NOVA Chemicals. The move is aimed at expanding its global footprint across Europe, North America and the Middle East.

A potential share conversion into the new entity is expected in 2027, subject to regulatory approval.

Borouge said its financial position remains strong, with sufficient liquidity to manage short-term disruption while continuing to deliver returns to shareholders.