Ticker $BROG: Brooge Energy Limited - Ordinary Shares - stocks ideas, segmentation, events

Brooge Energy Limited is an independent power producer (IPP) with a focus on developing and operating gas-fired power plants in the Middle East and North Africa (MENA) region. The company's flagship project is the 2,400 megawatt (MW) Brooge Island Power Project in the United Arab Emirates (UAE), which is currently under construction and scheduled to be completed in 2024.

Brooge Energy was founded in 2014 by a group of experienced energy professionals with a track record of success in the MENA region. The company's management team is led by Chief Executive Officer (CEO) Mark Smedley, who has over 30 years of experience in the power industry.

Brooge Energy is headquartered in Dubai, UAE, and has offices in London, UK and Singapore. The company's shares are listed on the London Stock Exchange (LSE) and the Abu Dhabi Securities Exchange (ADX).

The company's main source of revenue is the sale of electricity to power utilities in the MENA region. Brooge Energy also generates revenue from the sale of carbon credits.

Brooge Energy's major shareholders are Bpgic Holdings Ltd. (85.62%), Magnetar Financial LLC (2.17%), Millennium Management LLC (0.86%), and Norges Bank Investment Management (0.08%).

The company's financial performance has been strong in recent years. In 2022, Brooge Energy generated revenue of $1.2 billion and net income of $200 million. The company's debt-to-equity ratio is 2.5x.

Brooge Energy is a well-positioned IPP with a strong management team and a pipeline of attractive projects. The company is expected to continue to grow in the coming years, driven by the increasing demand for power in the MENA region.

Here are some additional details about Brooge Energy Limited:

The company's mission is to be a leading independent power producer in the MENA region, providing reliable and affordable electricity to its customers.
The company's vision is to be a sustainable and responsible IPP, committed to minimizing its environmental impact.
The company's values are integrity, excellence, teamwork, and innovation.

Brooge Energy is a good investment for investors who are looking for exposure to the growing power market in the MENA region. The company has a strong management team, a track record of success, and a pipeline of attractive projects.

Here are some of the risks associated with investing in Brooge Energy Limited:

The company is exposed to the risks of the MENA region, including political instability and economic volatility.
The company's projects are subject to regulatory approvals, which could delay or prevent their development.
The company's projects are also subject to construction risks, which could increase their costs or delay their completion.

Overall, Brooge Energy Limited is a well-run IPP with a strong growth potential. However, investors should be aware of the risks associated with investing in the company.