Shareholders of Borouge Plc have approved an interim dividend of $660 million, equivalent to 8.1 fils per share, following a strong first-half performance.
The decision was confirmed at the company’s General Assembly Meeting on August 29. Borouge reaffirmed its plan to distribute a total dividend of 16.2 fils per share for 2025, up from 15.88 fils in 2024, with the remaining 8.1 fils expected to be paid in the first quarter of 2026.
Since its listing on the ADX in June 2022, Borouge shareholders have approved $4.24 billion in dividends, representing a total shareholder return of 30 percent. The company has also repurchased 141 million shares under its buyback programme, approved earlier this year.
Borouge reported a net profit of $474 million in the first half of 2025, supported by higher sales volumes, strong pricing premia, and disciplined cost management.
Chief Executive Officer Hazeem Sultan Al Suwaidi said the company’s performance and dividend policy were underpinned by “robust operations, disciplined cost management, and sustained pricing margins,” adding that Borouge is focused on delivering resilient shareholder returns as it prepares for the formation of Borouge Group International in early 2026.
The company confirmed that construction on the Borouge 4 mega project has passed the 90 percent completion mark, with full operations expected by the end of 2026. The expansion will add 1.4 million tonnes of annual production capacity.
Borouge Group International, expected to be finalised in Q1 2026, is projected to become a $60 billion global petrochemical player and the world’s fourth-largest polyolefins producer. The new entity intends to maintain an annual minimum dividend of 16.2 fils per share through at least 2030, subject to approvals.
–Input WAM
