Boubyan Petrochemical Company achieved a 130% growth in net profits during the second fiscal quarter ending in October 2020, reaching about 2.6 million Kuwaiti dinars.
According to Arabiya Net, the reason for the increase in profits is due to the reversal of provisions for expected credit losses.
As for the end of the first 6 months of the company's fiscal year, net profits grew by 54%, compared to the same period last year, to more than 5 million dinars. / p>
In addition, Kuwaiti stock indices were upgraded to the MSCI emerging market index at the beginning of this month, a step that has been postponed since May due to the Corona pandemic. / p>
and MSCI clarified that 7 Kuwaiti stocks will be added to its benchmark emerging markets index with a total weight of 0.58%. Zain, buildings, and finally Gulf Bank.
and announced that 14 Kuwaiti companies will join the index among small companies.
The list revealed that 14 Kuwaiti companies have joined the Small Business Index, and these companies are: Al Ahli Bank of Kuwait, Al Qurain Petrochemical Company, Al Imtiaz Group, Boubyan Petrochemical Company, and Human Soft , Integrated Company, Jazeera Airways, Kuwait International Bank (KIB), Kuwait Holding Projects (KIPCO), National Industries, National Real Estate, North Al-Zour, and Warba Bank.
