Arab Palestinian Investment Company

Arab Palestinian Investment Company (APIC) achieves net profits of USD 37.94 million in 2021, a growth of 53.96% year on year

Retrieved on: 
Sunday, February 13, 2022
Education, APIC, Health, Entrepreneurship, Growth, Coronavirus, Social responsibility, Culture, USD, Leadership, Arab Palestinian Investment Company

RAMALLAH, Palestine, Feb. 13, 2022 /PRNewswire/ -- Arab Palestinian Investment Company (APIC) announced its consolidated preliminary (unaudited) financial results for 2021.

Key Points: 
  • RAMALLAH, Palestine, Feb. 13, 2022 /PRNewswire/ -- Arab Palestinian Investment Company (APIC) announced its consolidated preliminary (unaudited) financial results for 2021.
  • The group's net profits increased by 53.96% to reach USD 37.94 million.
  • Also, net profits attributed to APIC shareholders grew by 68.35% and amounted to USD 33.44 million.
  • Net equity attributed to APIC shareholders amounted to USD 168.47 million as at December 31, 2021, an increase of 15.5% over 2020.

Arab Palestinian Investment Company (APIC) achieves net profits of USD 37.94 million in 2021, a growth of 53.96% year on year

Retrieved on: 
Sunday, February 13, 2022
Education, APIC, Health, Entrepreneurship, Growth, Coronavirus, Social responsibility, Culture, USD, Leadership, Arab Palestinian Investment Company

RAMALLAH, Palestine, Feb. 13, 2022 /PRNewswire/ -- Arab Palestinian Investment Company (APIC) announced its consolidated preliminary (unaudited) financial results for 2021.

Key Points: 
  • RAMALLAH, Palestine, Feb. 13, 2022 /PRNewswire/ -- Arab Palestinian Investment Company (APIC) announced its consolidated preliminary (unaudited) financial results for 2021.
  • The group's net profits increased by 53.96% to reach USD 37.94 million.
  • Also, net profits attributed to APIC shareholders grew by 68.35% and amounted to USD 33.44 million.
  • Net equity attributed to APIC shareholders amounted to USD 168.47 million as at December 31, 2021, an increase of 15.5% over 2020.

The General Assembly of Arab Palestinian Investment Company (APIC) ratifies dividend distribution to its shareholders amounting to USD 16 million, 16.65% of APIC's paid-in capital

Retrieved on: 
Thursday, May 6, 2021
Western Asia, Asia, Arab Palestinian Investment Company, Economy of the State of Palestine, Dividend, Net income, Palestinian National Authority, Ramallah, State of Palestine

b"RAMALLAH, Palestine, May 6, 2021 /PRNewswire/ -- Arab Palestinian Investment Company (APIC) held its ordinary general assembly on Wednesday, May 5, 2021, in Ramallah, Palestine.

Key Points: 
  • b"RAMALLAH, Palestine, May 6, 2021 /PRNewswire/ -- Arab Palestinian Investment Company (APIC) held its ordinary general assembly on Wednesday, May 5, 2021, in Ramallah, Palestine.
  • In its meeting, the general assembly ratified dividend distribution for registered shareholders as of May 4, 2021, of 16.65% of APIC's paid-in capital amounting to USD 96.2 million to date, 7.5% as cash dividends amounting to USD 7.215 million and 9.147 % as 8.8 million in bonus shares.
  • Total revenues reached USD 958.2 million in 2020, a growth of 16% compared to 2019.
  • The group's net profits grew by 12.8% to reach USD 24.64 million, while net profits attributed to APIC shareholders rose by 11% and amounted to USD 19.86million.

The General Assembly of Arab Palestinian Investment Company (APIC) ratifies dividend distribution to its shareholders amounting to USD 16 million, 16.65% of APIC's paid-in capital

Retrieved on: 
Thursday, May 6, 2021
Western Asia, Asia, Arab Palestinian Investment Company, Economy of the State of Palestine, Dividend, Net income, Palestinian National Authority, Ramallah, State of Palestine

b"RAMALLAH, Palestine, May 6, 2021 /PRNewswire/ -- Arab Palestinian Investment Company (APIC) held its ordinary general assembly on Wednesday, May 5, 2021, in Ramallah, Palestine.

Key Points: 
  • b"RAMALLAH, Palestine, May 6, 2021 /PRNewswire/ -- Arab Palestinian Investment Company (APIC) held its ordinary general assembly on Wednesday, May 5, 2021, in Ramallah, Palestine.
  • In its meeting, the general assembly ratified dividend distribution for registered shareholders as of May 4, 2021, of 16.65% of APIC's paid-in capital amounting to USD 96.2 million to date, 7.5% as cash dividends amounting to USD 7.215 million and 9.147 % as 8.8 million in bonus shares.
  • Total revenues reached USD 958.2 million in 2020, a growth of 16% compared to 2019.
  • The group's net profits grew by 12.8% to reach USD 24.64 million, while net profits attributed to APIC shareholders rose by 11% and amounted to USD 19.86million.

In a deal worth USD 28.3 million, Siniora Food Industries launches its operations in Turkey by acquiring Trakya ET Co., the owner of Polonez

Retrieved on: 
Tuesday, March 2, 2021
Siniora, Arab Palestinian Investment Company, FSO Polonez, Economies

AMMAN, Jordan, March 2, 2021 /PRNewswire/ -- Siniora Food Industries Company , a subsidiary of Arab Palestinian Investment Company (APIC) and aleading and fast-growing regional meat processing company, announced the acquisition of a 77% stake in Trakya ET meat manufacturing company in Turkey, the owner of the Polonez brand, in a deal worth USD 28.3 million.

Key Points: 
  • AMMAN, Jordan, March 2, 2021 /PRNewswire/ -- Siniora Food Industries Company , a subsidiary of Arab Palestinian Investment Company (APIC) and aleading and fast-growing regional meat processing company, announced the acquisition of a 77% stake in Trakya ET meat manufacturing company in Turkey, the owner of the Polonez brand, in a deal worth USD 28.3 million.
  • Aggad confirmed that the Turkish market will be the cornerstone for Siniora's products to reach European and global markets.
  • Siniora CEO Majdi Al-Sharif stated that Siniora will work on upgrading its current production lines of Trakya ET Co. (Polonez).
  • For more information on Polonez: http://polonez.com.tr
    View original content to download multimedia: http://www.prnewswire.com/news-releases/in-a-deal-worth-usd-28-3-million...

In a deal worth USD 28.3 million, Siniora Food Industries launches its operations in Turkey by acquiring Trakya ET Co., the owner of Polonez

Retrieved on: 
Tuesday, March 2, 2021
Siniora, Arab Palestinian Investment Company, FSO Polonez, Economies

AMMAN, Jordan, March 2, 2021 /PRNewswire/ -- Siniora Food Industries Company , a subsidiary of Arab Palestinian Investment Company (APIC) and aleading and fast-growing regional meat processing company, announced the acquisition of a 77% stake in Trakya ET meat manufacturing company in Turkey, the owner of the Polonez brand, in a deal worth USD 28.3 million.

Key Points: 
  • AMMAN, Jordan, March 2, 2021 /PRNewswire/ -- Siniora Food Industries Company , a subsidiary of Arab Palestinian Investment Company (APIC) and aleading and fast-growing regional meat processing company, announced the acquisition of a 77% stake in Trakya ET meat manufacturing company in Turkey, the owner of the Polonez brand, in a deal worth USD 28.3 million.
  • Aggad confirmed that the Turkish market will be the cornerstone for Siniora's products to reach European and global markets.
  • Siniora CEO Majdi Al-Sharif stated that Siniora will work on upgrading its current production lines of Trakya ET Co. (Polonez).
  • For more information on Polonez: http://polonez.com.tr

Arab Palestinian Investment Company (APIC) achieves net profits of USD 24.65 million in 2020, a growth of 12.8% year on year

Retrieved on: 
Monday, February 1, 2021
Arab Palestinian Investment Company, Economy of the State of Palestine

RAMALLAH, Palestine, Feb. 1, 2021 /PRNewswire/ -- Arab Palestinian Investment Company (APIC) announced its consolidated preliminary (unaudited) financial results for 2020.

Key Points: 
  • RAMALLAH, Palestine, Feb. 1, 2021 /PRNewswire/ -- Arab Palestinian Investment Company (APIC) announced its consolidated preliminary (unaudited) financial results for 2020.
  • Total revenues rose by 16.5% and amounted to USD 961.4 million,the group's net profits grew by 12.8% to reach USD 24.65 million, while net profits attributed to APIC shareholders increased by 11.1% and amounted to USD 19.85 million.
  • Total assets amounted to USD 512.1 million as at December 31, 2020, an increase of 18.3% over 2019.
  • Net equity attributed to APIC shareholders amounted to USD 145.7 million as at December 31, 2020, an increase of 9.6% over 2019.

Arab Palestinian Investment Company (APIC) achieves net profits of USD 24.65 million in 2020, a growth of 12.8% year on year

Retrieved on: 
Monday, February 1, 2021
Arab Palestinian Investment Company, Economy of the State of Palestine

RAMALLAH, Palestine, Feb. 1, 2021 /PRNewswire/ -- Arab Palestinian Investment Company (APIC) announced its consolidated preliminary (unaudited) financial results for 2020.

Key Points: 
  • RAMALLAH, Palestine, Feb. 1, 2021 /PRNewswire/ -- Arab Palestinian Investment Company (APIC) announced its consolidated preliminary (unaudited) financial results for 2020.
  • Total revenues rose by 16.5% and amounted to USD 961.4 million,the group's net profits grew by 12.8% to reach USD 24.65 million, while net profits attributed to APIC shareholders increased by 11.1% and amounted to USD 19.85 million.
  • Net equity attributed to APIC shareholders amounted to USD 145.7 million as at December 31, 2020, an increase of 9.6% over 2019.
  • APIC's market capitalization grew to reach USD 266 million by the end of 2020, a growth of 17.2% year on year.

Arab Palestinian Investment Company (APIC) Achieved Net Profits After Tax of USD 8 Million in the First Half of 2018

Retrieved on: 
Thursday, August 16, 2018
Arab Palestinian Investment Company, PALESTINE, Economy, Tarek Aggad, Aggad, Business, Omar Aggad

Chairman and CEO of Arab Palestinian Investment Company (APIC ) Tarek Aggad announced that the group achieved net profits after tax of USD 8.04 million in the first half of 2018, a growth of 2.14% year on year, while net profits attributed to APIC shareholders amounted to USD 5.67 million in the first half of 2018, a growth of 8.38% year on year.

Key Points: 
  • Chairman and CEO of Arab Palestinian Investment Company (APIC ) Tarek Aggad announced that the group achieved net profits after tax of USD 8.04 million in the first half of 2018, a growth of 2.14% year on year, while net profits attributed to APIC shareholders amounted to USD 5.67 million in the first half of 2018, a growth of 8.38% year on year.
  • Revenues grew by 7.07% compared to the same period in 2017, and amounted to USD 346.86 million in the first half of 2018.
  • Aggad added that APIC's authorized capital was increased to reach USD 100 million.
  • APIC's registered and paid-up capital was also increased, reaching USD 75 million, by distributing five million bonus shares to its shareholders, 7.14% at par.