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Borouge, a global petrochemicals company and one of the world’s leading providers of innovative and differentiated polyolefin solutions, has announced its intention to list on the Abu Dhabi Securities Exchange (“ADX”).

Abu Dhabi Islamic Bank PJSC presents you with the opportunity to subscribe to the Borouge Initial Public Offering ("IPO").

A strategic joint venture between ADNOC and Borealis with a robust financial profile

The Company intends to pay twice-yearly dividends, expecting to pay fixed dividends of USD 325 million in September 2022 and USD 650 million in March 2023.

For the financial year 2023, Borouge intends to pay a dividend of no less than USD 1.3 billion.​


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A FEW IMPORTANT DATES TO REMEMBER:

Intention to Float Announcement 18 May 2022
Announcement of Offer Price 23 May 2022
Retail Subscription Commencement 23 May 2022
Retail Subscription Closing 28 May 2022
Announcement of Final Offer Price 31 May 2022
Expected Listing Date 3 June 2022
Refunds Commencement 4 June 2022​​

Subscription to the BOROUGE Offering is subject to terms and conditions.

Disclaimer: This announcement has not been approved by the Securities and Commodities Authority (“SCA”) or any regulator in the UAE or elsewhere and does not form part of the prospectus. This announcement or any related advertisements does not fall under SCA’s remit or jurisdiction.​