Palms Agro Production Company K.S.C.P Reports Earnings Results for the First Quarter Ended March 31, 2019

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.