#APIC #Tarek Aggad #Palestine #Ramallah #Arab Palestinian Investment

Arab Palestinian Investment Company (APIC) Announces Dividend Distribution and New Board Election

On May 4th, 2026, the Arab Palestinian Investment Company (APIC) convened an extraordinary and ordinary general assembly meeting in Ramallah, Palestine. The meeting was presided over by Chairman and CEO Tarek Aggad, alongside members of the board, representatives from the Ministry of National Economy, and various shareholders.

Highlights from the Meeting

During the extraordinary assembly, APIC's capital increase was ratified, elevating its authorized capital from USD 160 million to USD 180 million. This decision underscores the company’s commitment to growth and shareholder value.

At the ordinary meeting, a resolution was passed to distribute a dividend totaling 8% of APIC's paid-in capital, much to the delight of its shareholders. This payout comprises USD 8 million in cash dividends, which represents 5% of the paid-in capital, and approximately 3.1%, or five million shares, in stock dividends. Following this distribution, APIC's paid-in capital is set to rise to USD 165 million, reflecting a healthy financial outlook.

New Board of Directors Elected

In addition to the financial announcements, a new board of directors was elected for a four-year term. The board is comprised of eleven notable business figures, distinguished by their expertise across a variety of sectors, including investment, corporate governance, manufacturing, and trade. The newly elected members include:

• - Tarek Omar Aggad
• - Tarek Shakaa
• - Hashim Shawa
• - Maysa Baransi
• - Mohammad Abukhaizaran
• - Riham Hussein (representing National Insurance Company)
• - Raya Sbitany (independent member)
• - Dr. Mazen Hassounah
• - Nashat Masri
• - Lana Ghanem
• - Ahmad Atwan

This team is expected to enhance APIC's strategic direction and governance standards.

About Arab Palestinian Investment Company (APIC)

APIC is a public shareholding investment company trading on the Palestine Exchange (ticker: PEX APIC). It operates a diversified investment portfolio across multiple sectors, including manufacturing, trade, and services in regions such as Palestine, Jordan, Saudi Arabia, the UAE, Iraq, and Turkey through various subsidiaries. These subsidiaries encompass companies such as Siniora Food Industries and the Palestine Automobile Company, showcasing APIC's focus on regional growth and investment diversification.

Moreover, APIC is also expanding its investment horizons globally through its investment arm, APIC Capital, which manages a diversified portfolio of direct investments and partnerships with leading private equity and venture capital funds. Currently, APIC employs over 3,400 staff through its various subsidiaries, contributing significantly to the job market and local economy in the regions it operates.

As it moves forward, APIC remains dedicated to delivering value to its shareholders and exploring new growth opportunities in competitive markets, bolstering its reputation as a leader in the regional investment arena.

For more details about APIC and its strategic initiatives, interested parties can visit APIC's official website.