ADGM registered Borouge completes listing on Abu Dhabi Securities Exchange

ADGM registered Borouge completes listing on Abu Dhabi Securities Exchange

The Abu Dhabi-headquartered petrochemicals firm, Borouge, becomes the largest ever listing to date on Abu Dhabi Securities Exchange

Abu Dhabi, UAE: Abu Dhabi Global Market (ADGM) today welcomed the successful initial public offering (IPO) of Borouge plc (Borouge), an ADGM registered public company, on the Abu Dhabi Securities Exchange (ADX). Borouge became the largest ever listing to date in Abu Dhabi’s history, further strengthening the capital’s growing and dynamic capital markets.

Borouge’s listing marks a significant milestone for Abu Dhabi and further strengthens ADGM’s position as the region’s leading International Financial Centre. With its supportive business environment comprising a pioneering regulatory landscape and English common law framework, ADGM is seeing a significant increase in the number of companies choosing to register at the financial centre and explore a potential listing on ADX to attract international investors.

As one of the best performing exchanges globally in 2021, ADX saw the number of new institutional investors increase by 77 per cent to 708 in 2021 and nine companies list last year, including Adnoc Drilling and Fertiglobe, a leading nitrogen fertilizer and ammonia producer and distributer. In 2022, the exchange has continued its listing momentum with Abu Dhabi Ports Group raising $1.1bn from its share sale