Boubyan Petrochemical to pay 50% annual dividend

Mubasher: The shareholders of Boubyan Petrochemical have approved the board’s recommendation to distribute 50% of the capital as cash dividend for fiscal year ended on 30 April 2019.

During the ordinary general meeting (OGM) on Monday, Boubyan Petrochemical’s shareholders nodded to paying 50 fils per share as dividends at a total value of KWD 26.135 million.

Boubyan Petrochemical will pay the dividend on 19 June to the entitled shareholders of record date 16 June, according to a bourse disclosure on Tuesday.

During FY ended in April this year, the Boursa Kuwait-listed company achieved a surge of 93.2% in profits to KWD 10.549 million from KWD 5.456 million in the corresponding period in 2018.

Mubasher Contribution Time: 28-May-2019 08:23 (GMT)
Mubasher Last Update Time: 28-May-2019 08:23 (GMT)