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Borouge proposes 2.5% share buyback
Khaleej Times
|March 18, 2025
Borouge Plc, a leading UAE petrochemicals company, on Monday proposed to seek shareholder approval for a share buyback and final 2024 dividend at its in-person and virtual annual general meeting (AGM) on April 7, the company announced on Monday.
Borouge proposes to purchase up to 2.5 per cent of its issued share capital. The proposal comes after Borouge delivered outstanding 2024 financial results, achieving a 24 per cent year-on-year increase in net profit to $1.24 billion, superior free cash flow generation of c. $1.6 billion, driven by record production and sales volumes.
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