Press Release

  • Dividend Announcement for Equate Petrochemical Company (EQUATE) and The Kuwait Olefins Company (TKOC) - Thursday, April 02, 2015

     Dividend Announcement for Equate Petrochemical Company (EQUATE) and The Kuwait Olefins Company (TKOC)

     Kindly be advised that the General Assembly Meetings for both EQUATE and TKOC was held on Monday 30.03.2015 where a cash dividend for the financial year ending 31.12.2014 for each of the two companies.

    Accordingly, Boubyan Petrochemical Company’s share of the total dividend from both companies for the financial year ended 31.12.2014 amounts to 93.67 million US dollars (equivalent to approx. 28 million Kuwaiti Dinars, according to current prevailing exchange rates).

    These distributions will be recognized within the last quarter results of Boubyan Petrochemical Company’s financials for the year ended on 30.04.2015.