Boubyan Petrochemical Company announced in a statement to the Boursa Kuwait that both EQUATE Petrochemical Company and Kuwait Olefins Industry Company, have approved the distribution of cash dividends for the second quarter ending on June 30, 2024, and that it will receive KWD 3.936 million in dividends from the two companies.
This is based on Boubyan Petrochemical's 9% ownership in the capital of each of the two companies, and the impact of these distributions will be reflected in Boubyan's second quarter financial statements.