Boubyan Petrochemical

Boubyan Petrochemical Company K.S.C. (BPC), a Kuwaiti shareholding company listed on the Kuwait Stock Exchange (Stock symbol: BPCC; stock no.: 514), is the first private-sector company in Kuwait that invested in the government-controlled petrochemical sector. The company was established on February 12, 1995, and started its business by taking a 10% equity stake in Equate Petrochemical Company, the world-scale petrochemical joint venture between the government-owned Petrochemical Industries Company and Union Carbide Corporation (now a wholly-owned subsidiary of The Dow Chemical Company) of the United States. Over the years BPC has actively pursued and made further investments in the petrochemical and allied fields as well as in industrial and manufacturing projects in general. The company has also not shied away from investments in other sectors where opportunities arose. Though BPC's primary interest is in unlisted direct investments in the industrial sector, the company's portfolio also includes listed companies and private equity investments. At the end of 2015, the market capitalization of BPC was around KD 280 million (USD 950 million) representing significant growth in value created for investors since inception. More information on BPC's performance can be found here.