In late July, Bubiyan announced a net profit of KD 695,519 (2.2 million) for the first half of 2001, up from KD 23,809 ($76,665) in the same period of last year (MEED 10:8:01).

Bubiyan is a 10 per cent shareholder in Equate Petrochemical Company, Kuwait’s first olefins project.