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Shuaiba Industrial Company KPSC
Shuaiba
P.O. Box 10088
Phone: +965 24711020p:+965 24711020 KUWAIT CITY, 65451  Kuwait Ticker: PAPERPAPER
Business Summary
Shuaiba Industrial Company KPSC (SIC), a subsidiary of Al Safwa Group Holding Company KSCC, is a Kuwait-based company engaged in the manufacture and sale of paper products. The Company is organized into four business segments: the Industrial Packaging segment produces multi-wall paper sacks for industrial use; the Flexible Packaging segment provides single to multi-ply printed and laminated films, including aluminum foil lamination; the Commercial Packaging segment, and the Trading segment. The company has a wholly owned subsidiary, namely Advance Technologies (International Agencies) Co.WLL (ATIA). As of December 31, 2011, the Company had investment in its associate company, namely Yanbu Saudi Kuwait Paper Product Co Ltd. In April 2012, the Company established a new wholly-owned factory in Jebel Ali, Dubai, United Arab Emirates, for cement paper bag manufacturing.

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
12/31/202312/31/2023Yes----

Industries
SIC Code Description
2671 Packaging paper and plastics film, coated and laminated
2679 Converted paper and paperboard products, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
President S. FaridAhmad
C.E.O & Board Member Adel Y.Al Saqabi 4/22/2013 8/14/2007
Independent Vice Chairman of the Board Badr Mohammed G.Al Qattan 9/4/2014 9/4/2014
3 additional Officers and Directors records available in full report.

Business Names
Business Name
PAPER
Shuaiba Industrial Co. (K.S.C.C.).
Shuaiba Paper Products Company KSC

General Information
Number of Employees: 195 (As of 12/31/2005)
Outstanding Shares: 99,237,767 (As of 12/31/2023)
Stock Exchange: KUW
Fax Number: +965 24737996


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Thursday, April 18, 2024