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The distribution will be on 14 July - (Photo Archive)
23 June 2020 05:32 PM Al Kout to distribute 50% dividends for 2019
Mubasher: The general assembly of Al Kout Industrial Projects on Tuesday approved the recommendation of the board of directors to distribute dividends for 2019. The dividends will be distributed at 50 fils per share, with a total valued of KWD …
The board recommended the distribution of 35% cash dividends
17 June 2020 06:05 PM Boubyan Petrochemical posts 12% growth in annual profits
Mubasher: Boubyan Petrochemical Company reported an increase in profits by 12.1% during the fiscal year (FY) ending 30 April 2020. The profits amounted to KWD 11.82 million ($38.49 million) in the ending year, compared with KWD 10.55 million …
Total assets grew to KWD 779.42 million in FY 19/20
11 June 2020 06:09 PM QIPC records KWD 28m profits; plans dividends
Mubasher: Qurain Petrochemical Industries Company (QIPC) has achieved a net profit of KWD 28.23 million ($ 91.37 million) in fiscal year (FY) ended on 31 March 2020, compared to KWD 45.33 million ($ 146.72 million) in the previous year. Earnings …
Al Kout's profits fell by 23.9% annually in 2019
14 May 2020 11:17 AM Al Kout signs KWD 10m credit facility deal with local bank
Mubasher: Al Kout Industrial Projects has signed a credit facility agreement with Boubyan Bank at a total value of KWD 10 million to finance the company’s activities. The transaction has a positive impact that will reflect on the company's …
Total value of the distributions is KWD 1.08 million
6 May 2020 01:59 PM Kuwait Foundry agrees on 2019 dividends
Mubasher: The ordinary general meeting (OGM) of Kuwait Foundry Company approved distributing KWD 1.08 million or 15% of the share’s nominal value as cash dividends for fiscal year (FY) 2019 as was previously proposed by the board. The company’s …
Al Kout incurred KWD 3,911 worth of losses in Q4-19
15 April 2020 09:59 AM Al Kout’s earnings down 24% in 2019; dividends proposed
Mubasher: Al Kout Industrial Projects recorded 23.9% lower profits in the fiscal year (FY) 2019 at KWD 4.79 million ($15.42 million), compared with KWD 6.29 million ($20.25 million) a year earlier. The drop in the 2019 results was helped by lower …
The agreement was penned with Rawabi Marketing International Company Limited
30 March 2020 09:50 AM Al Kout inks $8m contract to supply Saudi Arabia with hydrochloric acid
Mubasher: Al Kout Industrial Projects has signed a one-year contract to supply Saudi Arabia with 70,000 tonnes of hydrochloric acid at a total value of $7.7 million. The agreement was penned with Rawabi Marketing International Company …
The company registered KWD 149,145 worth of earnings in Q4-19
29 March 2020 04:48 PM Kuwait Foundry turns profitable in FY 2019; dividends proposed
Mubasher: Kuwait Foundry Company has turned to a profit of KWD 894,912 ($2.86 million) in the fiscal year (FY) 2019, against a loss of KWD 1.15 million ($3.68 million) in 2018. In the fourth quarter (Q4), the company registered KWD 149,145 worth …
Earnings per share (EPS) amounted to 8.73 fils in 9M
9 March 2020 10:03 AM Boubyan Petrochemical posts 42% higher profit in 9M
Mubasher: The net profit of Boubyan Petrochemical Co. surged by 42% year-on-year (YoY) over the nine-month period ended on 31 January 2020 to stand at KWD 4.48 million ($14.7 million) from KWD 3.15 million ($10.34 million).   Earnings per share …
The dividends will be reflected in the company’s Q4 financials
20 February 2020 04:51 PM Boubyan Petrochemical gets KWD 17.4m dividend from EQUATE, Kuwait Olefins
Mubasher: Boubyan Petrochemical Company announced its share of cash dividends from EQUATE Petrochemical Company and the Kuwait Olefins Company. The Kuwaiti firm will receive dividends of EGP 17.42 million from the two companies in which it owns a …
Qurain owns 6% of the paid-up capital of the two companies
20 February 2020 04:25 PM Qurain Petrochemical reveals dividend share from EQUATE, Kuwait Olefins
Mubasher: Qurain Petrochemical Industries Company announced that its share of dividends from EQUATE Petrochemical Company and the Kuwait Olefins Company for 2019 reached KWD 11.62 million. Qurain owns 6% of the paid-up capital of the two …
QPIC’s chairman, Sheikh Mubarak Abdullah Al Mubarak Al Sabah
29 January 2020 04:12 PM Qurain Petrochemical’s profit slid to KWD 14.3m in 9M-19
Mubasher: Qurain Petrochemical Industries Company reported an 8% annual drop in profits over the nine-month period ended 31 December 2019, given that the fiscal year of the company starts on 1 April.   The profits amounted to KWD 14.29 million …
The board member purchased the shares for KWD 1.05 million
18 December 2019 03:08 PM Boubyan Petrochemical board member buys 1.56m shares
Mubasher: Boubyan Petrochemical Company on Wednesday said that a board member bought 1.56 million shares, according to its bourse statement. The board member, who represents Mubarak Al Dabbous Sons General Trading and Contracting Co, purchased the …
The shares are valued at SAR 106.444 million
8 December 2019 02:54 PM Boubyan Petrochemical subscribes to Aramco’s IPO shares
Mubasher: Boubyan Petrochemical Company has subscribed to Saudi Arabian Oil Co's (Saudi Aramco) initial public offering (IPO) and was allocated 3.326 million shares.   The subscribed shares are valued at SAR 106.444 million (KWD 8.6 million), …
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7 November 2019 11:47 AM Al Kout Industrial Q3 profits up 7%
Mubasher: Al Kout Industrial Projects has reported a 7.14% increase in profits during the third quarter (Q3) of the year, according to a statement to Boursa Kuwait on Thursday. Profits reached KWD 1.43 million ($4.72 million) in Q3-19, compared …
The decrease is attributed to lower sales
31 October 2019 02:58 PM Kuwait Foundry’s profit dips 20% in Q3
Mubasher: Kuwait Foundry Co. reported a 19.8% year-on-year decline in profit during the third quarter of 2019 to nearly KWD 158,000 ($521,400) from approximately KWD 197,000 ($650,100) in the corresponding quarter in 2018. During the …
Qurain Petrochemical generated KWD 9.69 million in net profit during its fiscal first half
28 October 2019 05:25 PM Qurain Petrochemical's net profit rises in H1
Mubasher: Qurain Petrochemical Industries Company reported a year-on-year profit increase of 0.8% during the first half of fiscal year 2019, while its gross profit jumped by 13%, according to the oil company’s official statement. Qurain …
The rejection will not impact the firm's financials
21 October 2019 02:53 PM Boubyan Petrochemical rejects KWD 21m offer to sell
Mubasher: The board of Boubyan Petrochemical Company rejected the offer proposed to sell its entire 21.12% stake in Nafais Holding Company for KWD 21 million or KWD 1 per share.    During its meeting on Monday, the board reemphasised its interest …
The carrying value of this offer totals KWD 8.36 million
16 October 2019 02:33 PM Boubyan Petrochemical receives KWD 21m offer to sell stake in Nafais
Mubasher: Boubyan Petrochemical Company received an offer to sell its entire 21.12% stake in Nafais Holding Company.   The total value of the offer is KWD 21 million or KWD 1 per share, according to a recent bourse statement on Wednesday. The …
MEGlobal Oyster Creek plant has licensed Dow’s METEOR™ technology
14 October 2019 11:23 AM EQUATE launches MEGlobal Oyster Creek as 1st manufacturing facility in US
Mubasher: EQUATE Group has announced that the start-up of MEGlobal Oyster Creek Site’s commercial production of fiber-grade, on-spec monoethylene glycol. MEGlobal Oyster Creek is considered EQUATE Group’s first manufacturing facility in the United …
Al Kout’s profits slumped by 8.3% in H1-19
9 October 2019 10:14 AM Al Kout inks KWD 880k deal with Kuwait’s electricity ministry
Mubasher: Al Kout Industrial Projects signed a contract worth KWD 879,780 with the Kuwaiti Ministry of Electricity and Water. The 36-month contract has been effective from 6 October 2019, according to a bourse filing on Wednesday. The project …
The retained earnings account will register a decline
30 September 2019 03:14 PM Kuwait Foundry approves 40% cash dividends for H1-19
Mubasher: The ordinary general meeting (OGM) of Kuwait Foundry Co. approved the board of directors’ recommendation to distribute a cash dividend of 40 fils per share or 40% of the capital for the first half of 2019. The total value of the …
Revenue soared 135% in 3M
12 September 2019 04:42 PM Boubyan Petrochemical posts $7.26m profit in Q1-19/20
Mubasher: Kuwait-based Boubyan Petrochemical Company’s profit jumped 58% year-on-year to KWD 2.2 million ($7.26 million) during the first quarter of the fiscal year 2019/2020. The company ascribed the increase in profit to the growth of its share …
Al Kout posted profits of KWD 2.039 million during Q1-19
8 September 2019 04:28 PM Trading on Al Kout’s stock resumes on Sunday
Mubasher: Boursa Kuwait has resumed trading on the stock of Al Kout Industrial Projects as of Sunday, 8 September 2019. Boursa Kuwait clarified that resuming trading activity on Al Kout has followed the company’s disclosure of its financial …
The proposed dividends will have an impact on its financial position
8 September 2019 09:50 AM Kuwait Foundry proposes KWD 2.9m semi-annual dividends
Mubasher: Kuwait Foundry’s board of directors has recommended the distribution of semi-annual dividends valued at 40 fils per share or KWD 2.893 million to shareholders The dividends will be deducted from the retained earnings to shareholders …