Middle East Economic Survey

VOL. XLVII

No 29

19-July-2004

KUWAIT

Boubyan Petrochemical Company Doubles Profit In FY 2003-04

The privately-owned Boubyan Petrochemical Company recorded a net profit of KD12.45mn ($42.3mn) in FY 2003-04, nearly double the figure for the previous year (KD6.26mn). Earnings per share were 31.28 fils, up from 15.84 fils, and the company has proposed a cash dividend of 15 fils per share. Boubyan owns 10% of Equate Petrochemical Company a joint venture between Kuwaits...