32. Borouge *

Country: U.A.E.
Sector: Petrochemicals
CEO: Hazeem Sultan Al Suwaidi
Market Value: $19.9 billion
Sales: $5.8 billion
Profits: $1 billion
Assets: $8.9 billion

Borouge is a petrochemical company that provides differentiated polyolefin solutions for the infrastructure, energy, mobility, healthcare, agriculture, and advanced packaging industries across 86 countries. In June 2022, the company raised more than $2 billion by offering 10% of its total issued share capital on the Abu Dhabi Securities Exchange (ADX), becoming one of the Middle East’s largest-ever petrochemicals listings. ADNOC owns a majority 54% stake, and Borealis holds a 36% stake in Borouge.