Boubyan Petrochemical Company - شركة بوبيان للبتروكيماويات

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 in 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.

BPC is considered, in its category, a blue chip company of the Kuwait Stock Exchange.  Compared to the market in general, its share price has been relatively stable.  Market capitalization of the company as of end of 2009 was around KD 200 million ($700 million).  Due to its continued outstanding performance over the years, the company has attracted considerable regional and international attention.