Arab Palestinian Investment Company's Secondary Offering to Shareholders Oversubscribed by 81%, Reaching USD 54.3 Million Despite Adversity in Palestine

Aggad added that the additional capital of USD 30 million will fortify the company's financial position, enhance liquidity and support the expansion plans of its subsidiaries. It will also provide greater financial flexibility, ensuring the company can navigate challenges efficiently and effectively. APIC remains committed to its strategic vision of investing in key economic sectors that contribute to Palestine's economic growth while expanding the footprint of its subsidiaries, both regionally and globally.

APIC is a public shareholding investment company listed on the Palestine Exchange (PEX: APIC). It holds diversified investments across the manufacturing, trade, distribution and service sectors in Palestine, Jordan, Saudi Arabia, the United Arab Emirates, Iraq and Turkey through its group of subsidiaries and affiliates: Siniora Food Industries Company; Unipal General Trading Company; Palestine Automobile Company; Medical Supplies and Services Company; National Aluminum and Profiles Company (NAPCO); Reema Hygienic Paper Company; Sky Advertising and Promotion Company; Arab Leasing Company; Qudra Renewable Energy Solutions and Arab Palestinian Storage and Cooling Company, employing over 3200 staff through its group of subsidiaries. For more information, visit https://apic.ps/

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