Fertiglobe was formed in 2019 as a strategic partnership between OCI Global and ADNOC. In October 2024 ADNOC completed the acquisition of a majority stake in Fertiglobe, holding an 86.2% stake, as of February 2026. Fertiglobe has a production capacity of 6.6 million tons of urea and merchant ammonia across four subsidiaries in the UAE, Egypt, and Algeria, making it the MENA’s largest nitrogen fertiliser producer. Revenue rose 41% year on year to $2.8 billion in 2025. In October 2025, Fertiglobe acquired the distribution assets of Wengfu Australia Pty Ltd.