ADNOC to Close Acquisition of Controlling Stake in Fertiglobe

Abu Dhabi, UAE – 11 October 2024: ADNOC Abu Dhabi National Oil Company P.J.S.C. (“ADNOC”) today announced that its acquisition of OCI’s 50% + 1 share stake in Fertiglobe (ADX: FERTIGLB) (“Fertiglobe" or the “Company”), disclosed in December 2023, has received all required approvals and is expected to close on...

Fertiglobe chosen as winning bidder in H2Global pilot auction for supply of renewable ammonia at a delivered price of €1,000 per ton into Europe

 Fertiglobe named winning bidder based on financial and extensive technical criteria in first-of-its-kind ‘double-auction’ mechanism, for a contract value of up to €397 million, securing supply of renewable ammonia out of Egypt at a delivered price of €1,000 per ton until 2033Unique program provides critical demand and pricing support to...

Fertiglobe Awards Contract to Commence Construction of TA’ZIZ 1mtpa Low-Carbon Ammonia Facility at Ruwais Industrial City

Fertiglobe, alongside project partners TA’ZIZ, Mitsui & Co., Ltd., and GS Energy Corporation, awards milestone contract to Tecnimont S.p.A.The facility is set to reinforce Abu Dhabi’s position as a leader in low-carbon fuels and capitalize on the growing demand for low-carbon ammonia as a carrier fuel for clean hydrogenA significant...

Fertiglobe Shareholders Approve H2 2023 Dividends of $200 Million, Taking Total 2023 Payout to $475 Million

Shareholders approve $200 million cash dividend for H2 2023, equivalent to 9 fils/share, bringing total 2023 dividend payout to $475 million. This represents one of the industry’s highest dividend yields, with $2,265 million returned to shareholders since the IPO. Fertiglobe’s robust financial performance in 2023 was underpinned by a 5%...

Fertiglobe Publishes 2023 Annual Report

Abu Dhabi, UAE – 29 April 2024: Fertiglobe (ADX: FERTIGLB), the world’s largest seaborne exporter of urea and ammonia combined, the largest nitrogen fertilizer producer in the Middle East and North Africa region, and an early mover in sustainable ammonia, today announced the publication of its 2023 Integrated Annual Report.With...

Fertiglobe Reports Q4 2023 Results With Significantly Improved Quarterly Performance; Board Recommends $200 million H2 Dividends

Abu Dhabi, UAE – February 14, 2024: Fertiglobe (ADX: FERTIGLB), the strategic partnership between ADNOC and OCI Global, the world’s largest seaborne exporter of urea and ammonia combined, the largest nitrogen fertilizer producer in the Middle East and North Africa (“MENA”) region, and an early mover in sustainable ammonia, today...

ADNOC Completes Acquisition of Majority Stake in Fertiglobe.

Fertiglobe on October 15th, 2024 announced the successful completion of Abu Dhabi National Oil Company’s acquisition of OCI Global’s entire 50% +1 share stake in Fertiglobe. Having met all necessary legal and regulatory conditions, ADNOC has formally increased its ownership stake in the Company to 86.2%, with 13.8% remaining in free float on the Abu Dhabi Securities Exchange.