Kuwait-Mubasher: Boubyan Petrochemical said it may receive $64.2 million (KWD 19.2 million) as cash dividends proposed for the fiscal year 2015 by two of its subsidiaries Equate Petrochemical Company and The Kuwait Olefins Company.

The company said in a bourse statement that units’ boards have put forward the dividends to the ordinary general meeting.

In case the shareholders approve the proposal, the company’s share of the dividends will be registered in the company’s Q4 financials which will end 30 April, 2016.