Fertiglobe, the world’s largest seaborne exporter of urea and ammonia combined, the largest nitrogen fertilizer producer in the Middle East and North Africa region, and ADNOC’s low-carbon ammonia platform, has updated the agenda for its upcoming Annual General Meeting (AGM) on 9 April 2025 to seek shareholder approval for the Company’s repurchase of up to 2.5% of its issued shares via a share buyback in addition to the distribution of the proposed dividends of $125 million (5.5 fils per share), taking 2024 dividends to a total of $275 million (12.2 fils/share).

The proposal reflects Fertiglobe’s confidence in its long-term growth strategy and commitment to delivering sustainable value to shareholders, backed by the company’s strategic initiatives. Upon shareholder and regulatory approvals, the company would conduct the share buyback through open-market transactions in accordance with ADX regulations, with the quantity of shares repurchased dependent on market conditions and other factors.

As previously announced, shareholders will also vote on key resolutions, including the approval of the H2 2024 dividend of $125 million (5.5 fils per share), bringing 2024 total dividends to $275 million and total dividends since IPO to $2.5 billion. The share buyback, if approved, will be overseen and managed by the Board of Directors, and may be modified, or discontinued at any time, with the 2.5% shares constituting the approved ceiling for the repurchase.