Boubyan Petrochemical gets dividend from EQUATE, Kuwait Olefins

The dividends will be reflected in the company’s Q4 financials

  

Mubasher: Boubyan Petrochemical Company announced its share of cash dividends from EQUATE Petrochemical Company and the Kuwait Olefins Company.

The Kuwaiti firm will receive dividends of EGP 17.42 million from the two companies in which it owns a 9% stake, according to a statement to Boursa Kuwait on Thursday.

The dividends will be reflected in the company’s financials for the fourth quarter ending on 30 April 2020.

It is worth mentioning that during the second quarter ended 31 October 2019, Boubyan Petrochemical reported net profits of KWD 1.12 million from KWD 3.33 million.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities