Arab Palestinian Investment Company Approves $30 Million Capital Increase for Shareholders

Arab Palestinian Investment Company Enhances Growth with Capital Increase

On February 6, 2025, the Arab Palestinian Investment Company (APIC) convened its extraordinary general assembly in Ramallah, Palestine. The meeting was led by Tarek Aggad, the Chairman and CEO, alongside the Board of Directors and representatives from various governmental and legal authorities. A significant decision made during this assembly was the approval to raise the company's subscribed capital by an impressive USD 30 million through a secondary public offering targeted at existing shareholders.

With this move, the subscribed capital will increase from USD 125 million to USD 160 million. The shares will be offered at a nominal price of one US dollar each, aligning with the company's commitment to uphold shareholder value. This strategic initiative is designed to not only fortify the financial foundation of APIC but also position it to better capture emerging opportunities in the market.

Tarek Aggad emphasized the importance of this capital increase, stating that it will bolster the company’s cash flow stability, support the growth of its subsidiaries, and enhance resilience against market fluctuations. The meeting also provided insights into APIC's commitment to expanding its investment portfolio across diverse sectors, including manufacturing, trade, and services, in Palestine and the broader region.

APIC stands as a significant entity in the Palestinian economy with a presence in countries like Jordan, Saudi Arabia, the UAE, Iraq, and Turkey. Its vast portfolio includes well-known subsidiaries such as Siniora Food Industries and Palestine Automobile Company, among others. Collectively, APIC’s subsidiaries employ over 3,200 individuals, making it a vital contributor to regional employment.

This capital infusion is anticipated to provide APIC with the potential to diversify further and expand its market reach. Investors and market analysts are keenly observing the outcomes of this initiative as the company navigates its growth trajectory in an ever-evolving economic landscape.

In conclusion, this decision not only represents a proactive step towards financial strengthening but also reflects APIC’s long-term vision to enhance its market competitiveness. By empowering shareholders through this public offering and fostering systematic growth, APIC is set to solidify its standing as a leading investment firm in the Middle East.