Arab Palestinian Investment Company Approves Stock Dividends and New Bonds Amid Adversity
On May 5, 2025, the Arab Palestinian Investment Company (APIC) held its ordinary and extraordinary general assembly meetings in Ramallah, Palestine. Under the leadership of Chairman and CEO Tarek Aggad, the assembly addressed critical decisions regarding shareholder benefits and capital expansion. The ordinary meeting resulted in the approval of stock dividends totaling five million shares, equating to roughly 3.22% of the company's paid-in capital of USD 155 million. This action will increase the authorized capital to USD 160 million, with the dividends holding a market value of about USD 9 million for registered shareholders.
In addition, the extraordinary assembly ratified the issuance of new corporate bonds valued at over USD 100 million. These five-year bonds will be issued in three tranches, denominated in US dollars, Jordanian dinars, and euros. The decision is part of APIC's strategic move to stabilize its financial footing and enhance the company’s market presence.
Tarek Aggad expressed that 2024 posed numerous challenges for Palestine, notably due to the ongoing conflict in Gaza and escalating attacks in the West Bank, which severely impacted commercial activities across various sectors. These adverse conditions also influenced the performance of several APIC subsidiaries. Despite these hurdles, the company managed to present satisfactory profits for its shareholders, recording total revenues of USD 1.12 billion, with an EBITDA of approximately USD 64.5 million. However, net profits dropped to USD 8.11 million, a steep decline of approximately 57% compared to the previous year.
Aggad further highlighted APIC’s commitment to local economies, noting an expansion in operations within Palestine. One notable investment was the acquisition of a 51% stake in Reema Hygienic Paper Company, which signifies APIC's resolve to empower local industries and support job creation.
APIC is a publicly listed investment firm on the Palestine Exchange (PEX APIC) with a diversified portfolio in manufacturing, trade, distribution, and services across several countries including Palestine, Jordan, Saudi Arabia, the United Arab Emirates, Iraq, and Turkey. The company’s subsidiaries employ over 3,400 individuals, emphasizing its significant role in the economic landscape of the region.
In the wake of global challenges and hyperinflation, notably in Turkey, APIC continues to navigate through financial adversity, affirming its positioning as a resilient investor dedicated to improving economic conditions in Palestine and beyond.
As the situation in the region evolves, APIC’s strategic decisions, such as the stock dividend and bond issuance, reflect a proactive approach in maintaining operational viability while striving to uplift local economies. With a firm foundation and a commitment to innovation, APIC is well-poised to weather the tumultuous economic climate ahead.
In addition, the extraordinary assembly ratified the issuance of new corporate bonds valued at over USD 100 million. These five-year bonds will be issued in three tranches, denominated in US dollars, Jordanian dinars, and euros. The decision is part of APIC's strategic move to stabilize its financial footing and enhance the company’s market presence.
Tarek Aggad expressed that 2024 posed numerous challenges for Palestine, notably due to the ongoing conflict in Gaza and escalating attacks in the West Bank, which severely impacted commercial activities across various sectors. These adverse conditions also influenced the performance of several APIC subsidiaries. Despite these hurdles, the company managed to present satisfactory profits for its shareholders, recording total revenues of USD 1.12 billion, with an EBITDA of approximately USD 64.5 million. However, net profits dropped to USD 8.11 million, a steep decline of approximately 57% compared to the previous year.
Aggad further highlighted APIC’s commitment to local economies, noting an expansion in operations within Palestine. One notable investment was the acquisition of a 51% stake in Reema Hygienic Paper Company, which signifies APIC's resolve to empower local industries and support job creation.
APIC is a publicly listed investment firm on the Palestine Exchange (PEX APIC) with a diversified portfolio in manufacturing, trade, distribution, and services across several countries including Palestine, Jordan, Saudi Arabia, the United Arab Emirates, Iraq, and Turkey. The company’s subsidiaries employ over 3,400 individuals, emphasizing its significant role in the economic landscape of the region.
In the wake of global challenges and hyperinflation, notably in Turkey, APIC continues to navigate through financial adversity, affirming its positioning as a resilient investor dedicated to improving economic conditions in Palestine and beyond.
As the situation in the region evolves, APIC’s strategic decisions, such as the stock dividend and bond issuance, reflect a proactive approach in maintaining operational viability while striving to uplift local economies. With a firm foundation and a commitment to innovation, APIC is well-poised to weather the tumultuous economic climate ahead.
Topics Financial Services & Investing）
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