Buroj's Dividends Reach AED 15 Billion Since Abu Dhabi Listing: CEO Reveals Impressive Growth

Borouge, the UAE petrochemicals giant, plans to maintain dividend payments of 16.2 fils per share through 2025 and keep that as a minimum floor until at least 2030. The company has already distributed over 15 billion dirhams in dividends since its Abu Dhabi Securities Exchange listing, balancing shareholder returns with strategic expansion.

CEO Hazeem Sultan Al Suwaidi told local media that Borouge's financial strength comes from disciplined cost management and smart capital allocation. This approach generates strong cash flows that support both attractive dividends and long-term growth investments.

The dividend commitment will continue under the upcoming "Borouge International Group" structure, expected to launch in Q1 2026 after regulatory approvals. The new entity plans to distribute 90% of free cash flows to shareholders, potentially raising dividends above the minimum threshold. ADNOC and OMV have already secured full financing of 56.5 billion dirhams from international banks, including funds for acquiring Nova Chemicals.

Strong Performance Despite Industry Headwinds

While most global polyolefin producers faced pressure from falling prices and shrinking margins, Borouge delivered exceptional Q3 results. Net profits jumped 52% quarter-on-quarter to 1.08 billion dirhams, with EBITDA reaching 2.07 billion dirhams and industry-leading margins of 39%.

The company completed planned maintenance at its Borouge 3 plant ahead of schedule, enabling above-average production levels. Sales volume increased 19% quarter-on-quarter to 1.4 million tons, demonstrating operational flexibility in challenging market conditions.

Borouge's AI and digital transformation program has generated 1.75 billion dirhams in added value through September, targeting 2.11 billion dirhams by year-end. The company is partnering with Yokogawa and Honeywell to develop the industry's first AI-powered autonomous control room.

Expansion Plans and Global Reach

The strategic Borouge 4 project will boost production capacity by 30% to 6.4 million tons annually, adding 1.4 million tons of new capacity. Once completed, the Ruwais Industrial City complex will become the world's largest integrated polyolefin production facility at a single location.

Borouge serves over 2,900 customers across more than 90 countries, with Asia-Pacific accounting for over 60% of Q3 sales. This global footprint allows the company to continuously direct products to markets offering higher net returns, supporting its position as the world's most profitable polyolefin producer.

The company's integrated system optimizes product allocation to maximize returns, while its established partnerships and human expertise reinforce industry-leading profit margins and customer loyalty. This combination of operational excellence, geographic diversification, and market positioning underpins Borouge's ability to maintain strong financial performance even during industry downturns.