Borouge is making waves in the petrochemical world—again. At its recent Annual General Meeting, Borouge shareholders gave a resounding green light to a hefty $1.3 billion dividend payout for 2024 and a 2.5% share buyback program. But that’s just the beginning. This bold financial move perfectly aligns with Borouge’s massive transformation plans under the soon-to-launch Borouge Group International, a global polyolefins powerhouse valued at a staggering $60 billion.
Led by Dr. Sultan Ahmed Al Jaber—UAE Minister of Industry and Advanced Technology and ADNOC Group CEO—Borouge’s vision is crystal clear: go big, go global, and reward investors generously along the way. Dr. Al Jaber made it known that the new Borouge Group International aims to be a resilient, innovative leader in petrochemicals, delivering superior shareholder value while scaling operations to new heights. And with ADNOC and OMV as its majority shareholders, the future looks rock-solid.
Starting in 2025, Borouge is planning to raise dividends to a minimum of 16.2 fils per share annually through 2030. If that sounds like a dream for investors—it is. That dividend trajectory translates to a whopping 40% cumulative return, one of the highest in the UAE.
The share buyback program reflects confidence in Borouge’s market valuation and long-term growth. It’s also a strategic move to boost investor sentiment ahead of the formation of Borouge Group International in early 2026.
Add to this an ambitious growth pipeline—like the Borouge 4 mega project, expected to generate around $900 million in annual EBITDA—and you’ve got the perfect recipe for sustained investor excitement. The new group will also aim for a 90% net income payout ratio, a metric sure to attract serious capital.
With a strong balance sheet, smart expansion strategy, and shareholder-friendly policies, Borouge isn’t just growing—it’s evolving into a global dividend machine. 💰🌍📈
