Mubasher: Boubyan Petrochemical announced that its share from the cash dividends approved by its subsidiaries Equate Petrochemical Co and The Kuwait Olefins Company are estimated at KWD 30.59 million ($101.31 million).

This sum represents 9% from Equate Petrochemical and Kuwait Olefins’ overall capital, according to a bourse statement on Monday.

Boubyan Petrochemical noted that the KWD 30.59 million share will be registered in the income statements of the fourth quarter ending on 30 April 2018.

On Sunday, 18 March, the shareholders of both Equate Petrochemical and Kuwait Olefins approved the cash dividend for fiscal year ended on 31 December 2017.