Abu Dhabi-listed fertilizer firm Fertiglobe’s profits jumped by 75% to $1.29bn in 2022 driven by tight supply and record-high gas prices in Europe which increased the relative-competitiveness of Fertiglobe’s Mena-based plants which have access to cheaper local gas supplies.
2022 was the first full year of results after partners OCI and Adnoc listed 13.8% of the firm on Abu Dhabi’s ADX exchange (MEES, 8 October 2021). (CONTINUED - 503 WORDS)
