FTSE Russell confirms the date for the inclusion of the “Borouge” stock in the global indices

Normal “Vertiglobe”, “Abu Dhabi Ports” and “Multiplay” from June 20 4 June 2022 12:57 pm reading 2 minutes Dubai: Anwar DaoudFTSE Russell confirmed the activation of Borouge’s rapid entry into its global stock indices series, after the company was listed on the Abu Dhabi Securities Exchange, on Friday.“Borouge will quickly enter the FTSE global stock … Read more

Borouge is seventh in the list of the top 10 listed companies in the UAE

Borouge immediately joined the list of major companies listed in the UAE markets, as it came in seventh place in terms of market value, after its market value reached 90.2 billion dirhams, after the stock rose by more than 22% in the first trading session of the share.“International Holdings” came in first place with 510 … Read more

Oversubscribing “Borouge Petrochemicals” 42 times, amounting to $83 billion

<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body=" confirmed "zodiac" Petrochemical, in a press release received "Sky News Arabia" A copy of it has completed the subscription of the shares offered in the initial public offering that it previously announced, amounting to more than 3 billion shares, representing 10% of its issued capital, at a price of AED … Read more

Abu Dhabi Stock Exchange rises before the IPO of Borouge, Dubai stabilizes By Reuters

© Reuters. Investors on the trading floor of the Abu Dhabi Stock Exchange. Photo from the Reuters archive. (Reuters) – The Abu Dhabi stock market rose on Friday ahead of the largest initial public offering of petrochemical company Borouge, while the Dubai index settled. The Abu Dhabi National Oil Company (ADNOC) is selling 10 percent … Read more

“Borouge” reveals the value of the commissions of the banks participating in the offering of its shares

The participating investment banks will participate in the offering UAE company Borougeup to $30 million in fees for promotion and coordination of the offering. The Emirati company aims to raise two billion dollars to be the largest listing in the history of the Abu Dhabi Stock Exchange. For its part, Borouge said that the joint … Read more

150 billion dirhams, total subscription requests for “Borouge” with coverage of 21 times

Private sources told Al Arabiya that the total number of requests in Borouge Petrochemical Company Initial Public OfferingIt exceeded 150 billion dirhams, covering 21 times by the end of the third day of the offering. Subscription remains open for individual investors until May 28, and until May 30 for institutional investors. And “Borouge” had set … Read more

Borouge: We intend to distribute profits of 1.3 billion dollars next year

<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body=" He added that the company plans to distribute an amount of 1.3 billion dollars for the next year 2023 after obtaining regulatory approvals. And with the start of procedures for offering 10 percent of Borouge in Abu Dhabi Securities ExchangeAl Suwaidi said that Borouge’s public offering enhances its flexibility and … Read more