On Tuesday 5th of Dec 2023, Boubyan Petrochemical Company announced through a statement to Boursa Kuwait that it is set to receive cash dividends amounting to KD 1,576,407 from EQUATE and Kuwait Olefins.
These dividend distributions have been approved by the Board of Directors of both EQUATE and Kuwait Olefins, applying to the third quarter ending on September 30, 2023.
Boubyan Petrochemical Company further clarified that its dividend share is derived from its 9% ownership in the capital of the aforementioned companies. The impact of these dividends is expected to be reflected in the company's financial statements for the third quarter, which concludes on January 31, 2024.