Kuwait's Boubyan Petrochemical board member buys 1.56mln shares

The board member purchased the shares for $3.34mln

  

Kuwait - Boubyan Petrochemical Company on Wednesday said that a board member bought 1.56 million shares, according to its bourse statement.

The board member, who represents Mubarak Al Dabbous Sons General Trading and Contracting Co, purchased the shares for KWD 1.05 million, with an average price of 637.7 fils per share, Boubyan said in a disclosure to Boursa Kuwait.

Mubarak Al Dabbous Sons holds 14% of Boubyan Petrochemicals, followed by a 6.02% stake owned by the Public Institution for Social Security.

It is worth noting that Boubyan’s authorised and paid-in capital totals KWD 53.48 million, distributed over 534.82 million shares, with nominal value of 100 fils per share.

Source: Mubasher

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