According to the Google translation of the packaging, this soap contains coconut oil, water, olive oil, glycerin, and argan oil with all oils organically farmed. The website boasts (via Google translation) that “its fine foam will make shaving a real moment of pleasure.”
This soap does make a very fine foam in the sense that it is thin and very bubbly. Perhaps this is actually a dried out brick of bubble bath instead of proper shave soap. The fact that I managed to get any kind of decent shave should be credited to the 1912 razor and brand new GEM PTFE blade.
Sometimes you have to make the best out of what you have. I had a similar situation with my Hurban Cowboy. I loved the fragrance, but the lather was mostly air. I'm using it as a bar soap, and realizing that it's also very drying.