Leading petrochemical company Borouge has been included in FTSE Russell’s FTSE Global Equity Index Series which includes three world-renowned indices: FTSE Emerging Index, FTSE Global Large Cap Index, and FTSE All-World Index.
FTSE Russell’s indices are used by investors globally to inform asset allocation decisions and support portfolio construction.
Joining these key Indices marks a major recognition of Borouge and underlines the company’s relevance to the global institutional investor base that participated in its recent initial public offering (IPO).
Last month, the Abu Dhabi National Oil Company (Adnoc) and Borealis successfully listed 10 per cent of Borouge’s total issued share capital on the Abu Dhabi Securities Exchange.
The IPO raised more than $2 billion becoming Abu Dhabi’s largest-ever IPO and the Middle East’s largest-ever petrochemicals listing.