Saaf Palm Products Manufacturing Co - K.S.C. (c), a Kuwaiti closed shareholding company, was legally established per its memorandum of association which was notarized by the Ministry of Justice - Real Estate Registration and Notarization Department, bearing the number 7812 / Volume 1 on December 7, 2005. Subsequent amendments were made on May 27, 2013, and the company was entered into the commercial register in July 2013 under the number 111421, starting with a capital of KD 3 million (three million Kuwaiti Dinars). The company was initiated by a group of approximately 42 farmers and entrepreneurs and swiftly commenced operations. In under three years, Saaf Company successfully launched the country's first date press within a productive services complex it developed in the Wafra agricultural area.
The company also holds a commercial registration number 111421 dated December 14, 2005.
Capital Structure of the Company
As reported in the company's financial report for the fiscal year ending on December 31, 2019, the authorized, issued, and fully paid-up capital of Saaf Company amounts to KD 1,599,439 (one million five hundred ninety-nine thousand four hundred thirty-nine Kuwaiti Dinars), consistent with the capital reported in 2018. This capital is divided into 15,994,390 shares, each with a nominal value of 100 fils, and all shares have been funded in full with cash.
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