63 Days
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الاقتصادية
Borouge Generates $1.4B Revenue Q2 2026
UAE's Borouge Company achieved revenues of $1.4 billion in the second quarter of 2026, an increase of 20% compared to the first quarter, amid rising polyolefin prices and the restoration of operational readiness at its affected factories in Ruwais ahead of schedule. The company also saw its net profits rise to $191 million from $156 million, supported by a 53% increase in selling prices driven by improved global market conditions. Additionally, the company announced the development of alternative logistical routes around the Strait of Hormuz to ensure supply continuity despite regional challenges, and made progress on the Borouge 4 production capacity expansion project. The company plans to distribute annual dividends of 16.2 fils per share, with expectations of increased operational rates during the second half of 2026.
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