Press Release

  • Disclosure of Material Information - Saturday, February 22, 2014

    As per the instructions of the Capital Markets Authority No. (هـ.أ.م/ق.ر/إ.م/2/2012) on the disclosure of material information and the mechanism of announcement, with reference to document L/188/mab-gk dated 25/12/2013 which reported the signing of a conditional contract agreement.

    We are pleased to inform you that the sale by Boubyan Petrochemical Company of its total stake in one of its subsidiaries, 50% of the capital of National Waste Management Company was successful, with the value of the deal equal to one million and five hundred thousand Kuwaiti dinars (KD 1,500,000).

     

    Please note that the total financial impact and profit of around 1.4 million Kuwaiti dinars will be recorded in the financial statements of the company in the fourth quarter that ends on 30/04/2014.