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Palms Agro Production Co KSCP
RAY, Block 56, Fourth Ring Road,
P.O. Box 1976
Phone: +965 24730745p:+965 24730745 SAFAAT, 13020  Kuwait Ticker: PAPCOPAPCO
Business Summary
Palms Agro Production Co KSCP (PAPC), a subsidiary of Bayan Holding Company KSCC, is a Kuwait-based public shareholding company that operates in the agricultural sector. The Company carries out agricultural contracting projects, imports and exports agricultural supplies, and establishes and manages agricultural nurseries. In addition, the Company invests its surplus fund in portfolios managed by specialized companies and entities. The Company is organized, along with its subsidiaries, into three business segments: the Commercial segment includes the production and sale of nurseries and ornamental plants; the Projects segment is involved in the provision of gardening and maintenance services, and the Investment segment. The Company has a wholly owned subsidiary, Palm Trees Company KSC, which is involved in the production and packing of black honey.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/202412/31/2023Yes----

Industries
SIC Code Description
0181 Ornamental floriculture and nursery products
0762 Farm management services
0782 Lawn and garden services
6799 Investors, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board of Directors Abdullah MusallamMohammad Alzamel 1/1/2023 1/1/2022
Chief Executive Officer, Member of the Board of Directors Waleed Ahmad DawoudAlAblani 1/1/2023 1/1/2021
Deputy Chairman of the Board of Directors Khaled A. A.Alghanem 1/1/2023 1/1/2023
3 additional Officers and Directors records available in full report.

Business Names
Business Name
Palms Agro Production Co KSCC
Palms Agro Production Co. K.S.C.C.
PAPCO

General Information
Number of Employees: 576 (As of 12/31/2011)
Outstanding Shares: 52,315,800 (As of 9/30/2024)
Stock Exchange: KUW
Fax Number: +965 24718903


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Tuesday, December 3, 2024