ADNOC completes acquisition of majority stake in Fertiglobe, increasing its shareholding to 86.2%, with the ADX free float unchanged at 13.8% Fertiglobe, the world’s largest seaborne nitrogen exporter, is set to be a global leader in low-carbon ammonia by consolidating ADNOC’s ammonia growth platform ADNOC intends to integrate its domestic...
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 Board of Directors approves $150 million interim dividend for H1 2024
Fertiglobe’s Board of Directors (BoD) has approved an interim dividend of $150 million for H1 2024, equivalent to AED 551 million or 6.6 fils per share The cash dividend will be paid during October 2024 to shareholders who own Fertiglobe shares on the record date of 10 October 2024. The...
Fertiglobe Reports H1 2024 Revenues of $1,048 Million and Adjusted EBITDA of $378 Million
Fertiglobe reported Q2 2024 revenues of $496 million and adjusted EBITDA of $156 million.Fertiglobe’s Q2 2024 own-produced sales volume fell only marginally by 2% Y-o-Y, despite recent gas supply disruptions in Egypt. Meanwhile, H1 2024 own-produced sales volumes were up 1% Y-o-Y to 2.8 million tons, supported by record production...
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 Reports $552 Million Revenue in Q1 2024, With Growth in Own-Produced Sales Volumes
Fertiglobe reported Q1 2024 revenues of $552 million and adjusted EBITDA of $223 million, with adjusted net profit of $119 million.Q1 2024 own-produced sales volume increased 5% Y-o-Y, primarily driven by 22% higher own-produced ammonia sales volumes and 1% higher own-produced urea sales volumes.Manufacturing Improvement Plan (MIP) is expected to...
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...