Total demand for the Borouge Petrochemical IPO exceeded $83.4 billion, which means that it has covered nearly 42 times.
According to Arabiya Net, Borouge is scheduled to list its shares in the Abu Dhabi market next Friday, at a time when it announced the amendment of the guaranteed minimum allocation of shares for the first and third tranches. stipulated in the prospectus published on May 18th.
The company indicated that the guaranteed minimum allocation stipulated in the prospectus will guarantee each subscriber in the first and third tranches an allotment of at least 1,000 shares, while The guaranteed minimum for the modified allotment, will guarantee each subscriber in the first and third tranches an allotment of at least 2,040 shares.
After the listing, Abu Dhabi National Oil Company ADNOC will retain a majority stake of 54% in the company, while Austrian Borealis will own a 36% stake in Borouge
