Contributors"vertiglob" They agree to distribute dividends worth 496 million dirhams for the second half of 2025
Abu Dhabi, 9 March / WAM / Today, during its annual general meeting, Vertiglobe shareholders approved the distribution of cash dividends for the second half of 2025 in the amount of 496 million dirhams ($135 million) (6.1 fils per share), bringing the total dividends for the year 2025 to 955 million dirhams ($260 million) (11.6 fils per share).
This brings the total capital returns to shareholders to 1.23 billion dirhams ($334 million), including share buybacks worth 272 million dirhams ($74 million) completed to date.
Taking into account these profits, the total cumulative capital returns to shareholders since the company went public increased to 10.65 billion dirhams ($2.9 billion), achieving a competitive total return of more than 5%.
On this occasion, His Excellency Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, Managing Director and CEO of ADNOC and its group of companies, and Chairman of the Board of Directors of Vertiglobe, said: “Vertiglobe has completed its first full year within the global chemicals platform of XRG, after ADNOC transferred the majority stake in Vertiglobe shares it had acquired to XRG, which contributed to strengthening Vertiglobe’s presence.” And its competitive capabilities and consolidating its global leadership position in the fields of nitrogen and low-carbon ammonia. Despite market fluctuations, the company’s adjusted profits before deducting interest, taxes, depreciation and amortization exceeded 3.74 billion dirhams ($1.02 billion), with an annual growth rate of 57%, while it succeeded in achieving more than 40% of the targets of the “2030 Growth Strategy” during the first year of implementing this strategy.
He added: “This performance confirms the success of the disciplined approach that the company applies in its operational operations, the quality and efficiency of the company’s assets, and the dedication of the work team. Vertiglobe is well-established to achieve further progress and growth, and to provide sustainable returns to shareholders supported by the company’s strong foundations, implementation of a clear approach in implementing strategic priorities, and commitment to a disciplined capital allocation policy.”
For his part, Ahmed Al-Hoshi, CEO of Vertiglobe, said: “In 2025, we set a clear and ambitious direction by launching the ‘2030 Growth Strategy’ and we took decisive steps to transform this ambition into tangible results. By enhancing operational excellence, improving our business portfolio, and committing to a disciplined policy for distributing capital returns, we succeeded in consolidating the strong foundations of our business, enhancing the flexibility of our operating model, and confirming our continued ability to achieve competitive returns.” To shareholders, based on the efficiency of our assets and the dedication of the work team and its commitment to implementing the company’s plans. We are all confident in Vertiglobe’s ability to benefit from its leading position to achieve tangible progress in the growth plans for the next stage, and to continue achieving sustainable value for shareholders in the long term.”
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