The Abu Dhabi-based company also upsizes its existing and untapped Revolving Credit Facility from $300 million to $600 million
OCI NV
Latest in OCI NV
Abu Dhabi
Fertiglobe flush with cash as quarterly revenue reaches $1.32 billion
The Abu Dhabi company is firmly in the black in past 21 months and gives strong guidance for the near future; announces $700 million dividend, payable April next year
Abu Dhabi Securities Exchange
Fertiglobe surges 20% in Abu Dhabi debut after $795m IPO
Shares opened at AED3.06 on Wednesday in the UAE capital
ADNOC
Middle East fertiliser firm Fertiglobe raises $795m in IPO backed by Singapore
Company will be valued at $5.8bn and the stock will start trading in Abu Dhabi on October 27
ADNOC
Fertiglobe set to price Abu Dhabi IPO at top end
Adnoc and OCI NV are offering 13.8 percent of Fertiglobe in the IPO that comes as the business booms
Abu Dhabi Securities Exchange
Adnoc, OCI fertiliser venture to raise up to $830m in IPO
Companies set a price range of AED2.45 to AED2.65 per share for Fertiglobe’s listing, implying a total valuation of as much as $6bn
Abu Dhabi Securities Exchange
Fertiglobe announces plans to float on Abu Dhabi Securities Exchange
Potential share sale could value Fertiglobe, which was formed in 2019, at about $7 billion including debt
ADNOC
OCI, Adnoc push ahead with IPO of fertiliser venture
Investors could be offered around a 10 percent to 15 percent stake in Fertiglobe through the IPO, according to sources
Abu Dhabi National Oil Co.
UAE’s Adnoc sells trial cargo of blue ammonia to Japanese firm
State-owned Abu Dhabi National Oil Co. will send the ammonia to Japan’s Itochu Corp. for use in fertiliser production
ADNOC
Abu Dhabi, OCI said to pick banks for IPO of fertiliser venture
Adnoc and OCI merged their Middle East and North Africa crop-nutrient businesses in 2019, creating the region’s top fertiliser producer with $1.7 billion in annual sales
Abu Dhabi Global Market
Adnoc, Dutch chemical group set up $1.7bn JV
Fertiglobe is expected to challenge US and Russian exports thanks to Adnoc’s distribution infrastructure and access to key ports