Dubai: The UAE’s dominant name in energy, ADNOC, sure is churning out the big deals. Sample this: A first ‘strategic’ investment in the US and another in Mozambique, both announced within days of…
Tag: Fertiglobe
ADNOC-owned Fertiglobe net profit at $505m, sees strong return in global fertilizer demand
Dubai: The fertilizer manufacturer Fertiglobe, which pulled out $505 million as 2023 net profit, expects a speedy recovery in global demand and which would then provide the platform for its own prices…
UAE: ADNOC to buy OCI stake in Fertiglobe for Dh13.28 billion
ADNOC’s shareholding will increase to 86.2 per cent, with 13.8 per cent remaining in free float on the Abu Dhabi Securities Exchange (ADX), ADNOC and OCI said in a joint statement on Friday….