Saaf Palm Products Manufacturing Co.
Symbol SAAF OTC Code 552 Type of Trade HYBRID
Date of last trade/ date of last hybrid deal:  
Last Price:  

Disclaimer:
Almowazi has compiled a database of unlisted companies using information obtained from the unlisted companies themselves or from various official sources, including but not limited to company websites and/ or other disclosures made. This database provides updated information in an easily accessible format, allowing shareholders in these companies to follow up on these in real time.

Unlisted and private companies are not subject to the same regulations obligations as listed companies, therefore, by disclosing their information, they can improve transparency by updating their information on the Almowazi website by contacting Almowazi directly via email (info@almowazi.com) or phone. 
If a company wishes to remove the available information from this website, the management of the company can do so through the provided link or by contacting Almowazi telephonically on the numbers provided on its website.

However, it is important for shareholders, investors, and users of the Almowazi website to exercise caution and consult additional sources of information before making any investment decisions. 

Almowazi’ s website management does not accept legal responsibility for any discrepancies or lack of updates regarding the information provided on the website.

Company Name Saaf Palm Products Manufacturing Co.
Sector Industrial
Sub-sector Manufacturing
Legal form Closed Kuwaiti Shareholding Company
Company establishment date 14 December 2005
Company purpose
  • Cultivation, production, processing and marketing of dates, palms, and their products.
  • Cultivation, production, processing and marketing of feed, agricultural, animal, and veterinary supplies.
  • Production, manufacture and marketing of medicines, pesticides, and veterinary equipment.
  • Production, processing, and marketing of agricultural, plant, animal, and veterinary products.
  • Carrying out import and export operations and holding exhibitions and markets for agricultural, plant, animal, and veterinary work.
  • Carrying out public and private tendering and establishing projects related to the company's objectives.
  • The movables own the real estate necessary to conduct their activities within the permissible limits according to the law.

The company may conduct the business in the State of Kuwait and abroad in an original or by proxy capacity, and the company may have an interest or participate in any way with bodies that carry out activities like its work and which may help it to achieve its objectives in Kuwait or abroad, and it may establish or Participate in, buy, or affiliate with these organizations.

Company profile

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.

Shareholding records Kuwait Clearing Company (KCC)
Auditor
Date of joining the OTC Platform 18 November 2018
Type of deal HYBRID
Sharia'a compliant No
Source of Data Various credible sources
Last Updated On 07 October 2024
Location

alsalibiah - Souq Al - Farda - Area 16 - Office No. 1

Tel

Fax

24643427

Email Address

ayed@saaf-kwt.com

Disclaimer

If a company wishes to remove the available information from this website, the management of the company can do so through the provided link and by contacting Almowazi telephonically on the numbers provided on its website.

Edit / Update Request