Mubasher: Boubyan Petrochemical announced that the company’s share from the dividends of Kuwait Foundry is estimated at KWD 4.3 million, based on Boubyan’s 22.17% equity ownership in Kuwait Foundry, according to a bourse filing on Monday.
Boubyan noted that the financial impact of Kuwait Foundry’s dividends, approved by the ordinary general meeting (OGM) on Sunday, will be registered as a profit of KWD 380,000 in the income statements for the second quarter ending 31 July 2019.
On 28 July, the shareholders of Kuwait Foundry approved distributing cash dividends with a value of KWD 19 million.
