Borouge Okays $660 Million as Dividend for H1-2025
Borouge on Monday said that the company’s shareholders have approved an interim dividend of $660 million reflecting strong H1 performance supported by healthy pricing premia, disciplined cost management and strategic inventory sales.
Since its June 2022 IPO, Borouge shareholders have approved $4.24 billion in dividends, representing a total shareholder return of 30%, the company said in a regulatory disclosure with Abu Dhabi Securities Exchange (ADX) this morning.
The company has further demonstrated confidence in its prospects by purchasing 141 million shares under its share buyback programme, approved at its Annual General Meeting in April this year.
Borouge CEO Hazeem Sultan Al Suwaidi said that the company’s consistent track record of strong shareholder returns was underpinned by robust operations, disciplined cost management, and sustained pricing margins.
“As we look ahead to the proposed formation of Borouge Group International in Q1 2026, our focus remains on delivering resilient performance and one of the highest returns on the dividend on the ADX,” he said.
The company’s net profit was $474 million, supported by healthy volumes, pricing premiums, and cost discipline.
Borouge’s polyethylene and polypropylene premia remained above management’s through-the-cycle guidance, reflecting a focus on high value-add segments and regional sales mix optimisation.
The dividend yield was calculated using the share price at market close on 29 August 2025 and the total shareholder return calculated as share price change plus dividends paid from IPO date (3 June 2022) to closing price on 29 August 2025.
Strategic Growth and Expansion
According to the filing, the construction of Borouge 4 mega project was completed over 90%, and will add 1.4 million tonnes annual capacity once completed by the end of 2026, further unlocking substantial embedded value for shareholders.
The Borouge Group International’s transactions were on track to close in Q1 2026, with regulatory filings and integration planning underway. It is projected to become a $60 billion global petrochemical leader and the world’s fourth-largest polyolefins company.
Upon completion of the proposed Borouge Group International transaction, the newly formed entity intends to maintain an annual minimum dividend through to at least 2030, subject to relevant approvals.
About Borouge
Borouge is a leading petrochemicals company that provides innovative and differentiated polyolefin solutions for the infrastructure, energy, mobility, healthcare, agriculture and advanced packaging industries. Borouge employs more than 2,900 people and serves customers in over 90 countries across Asia, the Middle East and Africa.
Founded in 1998 through a strategic partnership between ADNOC and Borealis, Borouge was formed to build and operate a polyolefins complex in Al Ruwais Industrial City, United Arab Emirates, which today is one of the world’s largest integrated polyolefin complexes. ADNOC owns a majority 54% stake and Borealis holds a 36% stake in Borouge.
