Arab Palestinian Investment Company Increases Capital and Elects New Board
📋 Key Takeaway: The Arab Palestinian Investment Company convened its general assembly in Ramallah, approving a capital increase to USD 180 million and electing a new board of directors.
APIC General Assembly Meetings Held in Ramallah
The Arab Palestinian Investment Company (APIC) held its extraordinary and ordinary general assembly meetings on May 4, 2026, in Ramallah, Palestine. The meetings were presided over by APIC Chairman and CEO Tarek Aggad, with attendance from the Board of Directors, representatives from the Ministry of National Economy, the Palestine Capital Market Authority, the Palestine Exchange, external auditors, legal counsel, and numerous shareholders.
During the extraordinary session, the assembly ratified an increase in APIC’s authorized capital from USD 160 million to USD 180 million. This decision is expected to enhance the company’s financial capacity and support its growth strategies.
Dividend Distribution and New Board Election
In the ordinary general assembly meeting, shareholders approved a dividend distribution totaling 8% of APIC’s paid-in capital, which is USD 160 million. This distribution includes 5% in cash dividends, amounting to USD 8 million, and approximately 3.1% in stock dividends, translating to five million shares. Following this distribution, APIC’s paid-in capital will rise to USD 165 million.
Additionally, the assembly elected a new board of directors for a four-year term, comprising eleven accomplished business leaders with diverse expertise in investment, corporate governance, manufacturing, trade, services, finance, and entrepreneurship. 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, and Ahmad Atwan.
APIC’s Investment Strategy and Market Presence
APIC is a public shareholding investment company listed on the Palestine Exchange (PEX: APIC), with diversified investments across various sectors including manufacturing, trade, distribution, and services in Palestine, Jordan, Saudi Arabia, the United Arab Emirates, Iraq, and Turkey. The company operates through several subsidiaries, including Siniora Food Industries Company, Unipal General Trading Company, and Palestine Automobile Company, among others.
Furthermore, APIC aims to expand its investment and geographic footprint beyond Palestine, utilizing its investment arm, APIC Capital, which manages a portfolio comprising direct stakes in both private and publicly listed companies, as well as investments in select private equity and venture capital funds. The company employs over 3,400 staff across its subsidiaries.
Frequently Asked Questions
What was the approved capital increase for APIC?
APIC’s authorized capital was increased from USD 160 million to USD 180 million.
What dividends were distributed to APIC shareholders?
Shareholders received 5% in cash dividends and approximately 3.1% in stock dividends.
Who are the newly elected members of APIC’s board?
The new board includes Tarek Omar Aggad, Tarek Shakaa, Hashim Shawa, and others.
What sectors does APIC invest in?
APIC invests in manufacturing, trade, distribution, and services across multiple countries.
How many employees does APIC have?
APIC employs over 3,400 staff through its group of subsidiaries.
