With strong cash conversion throughout 2022, and in light of solid operational performance and a positive outlook for the fourth quarter, Borouge reiterates its commitment to pay $975 million in dividends to shareholders for FY 2022, and at least $1.3 billion for FY 2023. In October 2022, the Company paid an interim dividend of $325 million, equivalent to AED 1.2 billion or 3.97 fils per share. Based on current view, Borouge management remains confident the Company will meet market expectations for net profit for FY 2022.
Following its listing, Borouge was included in the FTSE Global Equity Index Series, which is used by investors globally to inform asset allocation decisions and support portfolio construction. Inclusion in these key indices indicates strong recognition of Borouge and underlines the Company’s relevance to the global institutional investor base that participated in its IPO.