Kuwait – Mubasher: The ordinary general meeting (OGM) of Boubyan Petrochemical approved distributing 40% of capital as cash dividends for the fiscal year ended 30 April 2017.

The company will pay 40 fils per share as dividends, according to a bourse filing issued on Monday.

Boubyan Petrochemical posted a decline of 54.5% in profits to KWD 10.40 million in the fiscal year ended 30 April 2017 from KWD 22.84 million in the same period of the previous year.