Borouge Plc said shareholders approved a final 2025 dividend of $1.32bn at its General Assembly Meeting held on 7 April. Moreover, the company linked the payout to strong operational performance and record sales.
The final dividend amounts to $658m, or 8.1 fils per share. Additionally, this brings the total 2025 dividend to around $1.32bn, or 16.2 fils per share.
The company said it expects to pay the dividend on or around 7 May 2026 to shareholders on record as of 17 April 2026. Including the latest payment, Borouge said it will have distributed $4.89bn in dividends since listing. As a result, it remains among the largest dividend payers on the Abu Dhabi Securities Exchange.
Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, ADNOC Managing Director and Group CEO, Executive Chairman of XRG, and Chairman of Borouge Plc, said, “Demonstrating strong market resilience, Borouge Plc continues to lead the industry as the world’s most profitable polyolefins company, supported by its robust financial position. Building on this strength, the Company is advancing its transformative growth journey through Borouge International. We are evolving into a global polyolefins powerhouse, combining technology leadership, cost efficiency and expanded scale across North America, the Middle East, and Europe. Together, these advantages will make us stronger, more resilient, and better positioned to navigate market cycles while delivering sustained value to our shareholders.”
On 31 March 2026, XRG and OMV completed the combination of Borouge Plc and Borealis GmbH into Borouge Group International AG, known as Borouge International. Additionally, the transaction included the acquisition of NOVA Chemicals Corporation, creating the world’s largest pure-play polyolefins company.
Hazeem Sultan Al Suwaidi, Chief Executive Officer of Borouge, said, “Borouge Plc delivered a strong and resilient performance in 2025, reaffirming the strength of our operating model in a dynamic global polyolefins market. We reinforced our leading cost position and our ability to deliver consistent performance across the cycle. As we enter an exciting new phase of growth under Borouge International, we remain focused on driving value for our shareholders through high-margin, differentiated products and sustaining strong pricing premia across our portfolio.”
Tender offer expected in 2027
The company said the timing of a proposed tender offer, which would convert Borouge Plc shares into Borouge International shares, is expected to align with a future equity raise. Moreover, the tender offer is expected to take place in 2027, subject to market conditions and approval by the UAE Capital Market Authority.
Until then, Borouge International will remain privately held, while Borouge Plc will continue trading on the ADX. Additionally, Borouge said shareholders will continue to benefit from the intended annual dividend of 16.2 fils per share, which Borouge International plans to maintain following completion of the proposed offer.
Under a new agreement with ADNOC and OMV, Borouge Plc has been granted operational control and marketing rights for the Borouge 4 mega project. Furthermore, the agreement is expected to generate cumulative net profit of $400m over the next three years, representing around 10% annual earnings accretion following full ramp-up.
Ruwais incident impacts operations
Borouge said it is monitoring the current situation and coordinating with relevant UAE authorities to protect its people, facilities, and operations. However, following an incident on 5 April, production activity in affected areas at its Ruwais facility has been temporarily suspended while damage assessments and repairs are carried out.
In the first quarter of 2026, the company reported high utilisation rates and said it sold a significant share of March production through alternative routes. Additionally, it placed extra inventories into storage ahead of shipment.
A global shortage of polyolefins is supporting a recovery in prices, with gains recorded in March continuing into April. Moreover, Borouge said it retains strong financial flexibility to manage short-term disruption due to solid cash generation and available liquidity.
