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Fertiglobe plans IPO in Abu Dhabi

Fertiglobe is a fertilizer partnership of Adnoc and OCI.
  • This offering is open to UAE citizens and residents, as well as domestic and international institutional investors
  • The offer will open on October 13, subject to regulatory approvals and other relevant considerations

Fertiglobe plans to float a 13.8-percent stake on the Abu Dhabi Securities Exchange (ADX) through an initial public offering or IPO, it has said in a statement.

It is a fertilizer joint venture of the Abu Dhabi National Oil Company or Adnoc and OCI, which is based in the Netherlands.

This offering is said to be open to UAE citizens and residents, as well as domestic and international institutional investors.

The offer is expected to open on October 13, subject to regulatory approvals and other relevant considerations.

Through the potential offering, investors are expected to be able to purchase shares in a key player in the global nitrogen fertilizer and ammonia sector.

Additionally, investors are also expected to benefit from its value-creation plans, including emerging opportunities in the low-carbon ammonia value chain and the hydrogen economy.

Fertiglobe is one of the world’s largest seaborne exporters of urea and ammonia combined, the largest nitrogen fertilizer producer in the MENA region by production capacity.

Formed in September 2019, it is a strategic partnership between OCI (58 percent) and Adnoc (42 percent), combining four production facilities across the MENA region to create a single platform that has the largest net ammonia export production capacity in the region.