Fertiglobe plc

Fertiglobe's Board of Directors has approved a $150 million interim dividend for the first half of 2024, equivalent to AED 551 million or 6.6 fils per share. This dividend will be paid in October 2024 to shareholders recorded as of October 10, 2024. Fertiglobe's strong balance sheet and effective cash flow management support this dividend, reflecting the company's commitment to returning value to shareholders. Since its IPO in October 2021, Fertiglobe has paid $2.42 billion in dividends. The company continues to focus on growth, innovation, and sustainability, with significant progress on strategic objectives, including a low-carbon ammonia project and a renewable ammonia supply contract. In H1 2024, Fertiglobe reported revenues of $1,048 million, adjusted EBITDA of $378 million, adjusted net profit of $134 million, and free cash flows of $225 million.

The Board of Directors of Fertiglobe plc passed a written resolution on 30 September 2024, approving the distribution of interim cash dividends to the company's shareholders for the first half of the financial year 2024. The total amount approved is USD 150 million (equivalent to AED 551 million), which translates to approximately 6.6 fils per share. Key dates related to this dividend distribution include the last entitlement date on 8 October 2024, the ex-dividend date on 9 October 2024, and the shareholders’ registry closing date on 10 October 2024. The payment is scheduled to be made within 30 days from 30 September 2024. The notification was signed by Ms. Rita Guindy, Director of Investor Relations, and a copy was sent to the Securities and Commodities Authority.

Fertiglobe's Board of Directors has approved an interim cash dividend of $150 million for the first half of 2024, equivalent to AED 551 million or 6.6 fils per share. This dividend will be paid in October 2024 to shareholders recorded as of October 10, 2024. The company emphasizes its strong balance sheet and cash flow management, which supports its ability to return value to shareholders while pursuing growth opportunities. Since its IPO in October 2021, Fertiglobe has paid $2.42 billion in dividends. CEO Ahmed El-Hoshy highlighted the company's resilient business model and ongoing value creation initiatives, including the development of a sustainable hydrogen value chain and expansion into ammonia and clean hydrogen solutions. Fertiglobe aims to generate an additional $150 million in annual EBITDA by the end of 2025 through its Manufacturing Improvement Plan and cost optimization program. Key achievements in 2024 include a significant investment decision on a low-carbon ammonia project and securing a contract to supply renewable ammonia from Egypt to Europe. The company reported H1 2024 revenues of $1,048 million, adjusted EBITDA of $378 million, adjusted net profit of $134 million, and free cash flows of $225 million.

The Board of Directors of Fertiglobe plc will pass a written resolution by circulation on Monday, 30 September 2024, at 6 PM UAE time. The resolution will consider and approve the distribution of interim cash dividends to the shareholders for the first half of the financial year 2024. The notification was addressed to the Market Operations & Surveillance section of the Abu Dhabi Securities Exchange and copied to the Securities and Commodities Authority.

On 24 September 2024, the Abu Dhabi Securities Exchange received a notification from Fertiglobe plc regarding a resolution passed by the company's Board of Directors on 23 September 2024. The resolution, issued at 6:00 PM, includes approval to call for a General Assembly meeting to consider amending the company's Articles of Association and electing a new Board of Directors. The General Assembly meeting will be scheduled two weeks after obtaining necessary regulatory approvals related to ADNOC’s acquisition of OCI’s majority shareholding in Fertiglobe, as announced on 15 December 2023.

The Board of Directors of Fertiglobe plc will issue a resolution by circulation at 6:00 PM on Monday, 23 September 2024. This resolution will call for a general assembly meeting of the company, contingent upon the completion of the OCI Global-ADNOC ownership change transaction as previously disclosed. The resolution will also set the date and agenda for the meeting.

The text refers to the "Quarterly Condensed Consolidated Interim Financial Statements" for the period ending 30 June 2024, which are unaudited.

On 31 July 2024, the Board of Directors of Fertiglobe plc held a meeting via video conference at 3:00 p.m. During the meeting, the Board approved the financial statements for the second quarter of the financial year 2024. Additionally, the Board reviewed recent developments related to the company's activities and projects. The communication was signed by Ms. Rita Guindy, Director of Investor Relations, and a copy was sent to the Securities and Commodities Authority.