Kuwait – Mubasher: Boubyan Petrochemical Company announced Sunday that it will receive KWD 19.35 million ($64.2 million) in cash dividends for the fiscal year 2015 from Equate Petrochemical and Kuwait Olefins companies, according to a bourse filing.
Boubyan based its statement on its 9% total stake in the two companies, saying the dividends will be included in the financial statements for the fourth quarter of 2016.
Equate Petrochemical and Kuwait Olefins approved on Thursday cash dividends for the fiscal year 2015, Boubyan’s Sunday statement cited.
Boubyan’s stock stood at 480 fils in today’s trading as 12,900 shares were exchanged at KWD 6,100 ($20,196).
