Palestine Development and Investment (PADICO)

General Information

Company Name Palestine Development and Investment (PADICO)

Company Purpose Palestine Development and Investment, Ltd. (PADICO HOLDING) was founded in 1993 as a foreign public shareholding limited Liability Company, registered in the Republic of Liberia. PADICO is vigorous make of high-profile Palestinian and Arab businessmen. This initiative vehemently aimed at contributing to building the Palestinian economy through the implementation of a diversity of developmental projects in vital economic sectors. PADICO HOLDING paid-in capital is 250 million shares, with a nominal value of one USD per share, and is traded on The Palestine Exchange (PEX) since 1997.

Company Establish Date 14 October 1993

Financial Year Start First Quarter

Auditor

• Ernst and Young - Palestine

Ownership

• SIRAJ IV (30.00%)
• Rowan International Investments (19.58%)
• Sabih Taher Darwish Al Masri (12.50%)
• Massar International (12.20%)
• Saraj for Investment Funds Group (6.50%)
• Palestine for Technology Transfer (0.06%)
• Palestine Telecommunications (0.04%)
• Palestine Insurance (0.0048%)
• Jerusalem Cigarette Co Ltd (0.0011%)

Management

Subsidiaries

• Quds Construction and Investment (100.00%)
• Palestine Development and Investment Co Private Shareholding (100.00%)
• PADICO Services (100.00%)
• Palestine for Packing and Canning (100.00%)
• Rowan International Investments (100.00%)
• Palestine for Basic Chemical Materials (100.00%)
• Palestine for Technology Transfer (100.00%)
• Palestine General Trading (100.00%)
• Palestinian Waste Recycling (100.00%)
• Tyco Trade & Investment (100.00%)
• Al Rasheed Group for Investment and Real Estate Development Co. (100.00%)
• Palestine Real Estate Investment Co (86.60%)
• Palestine Securities Exchange (75.26%)
• Palestine Industrial Investment Co (56.72%)
• Arkaan Real Estate Co (32.97%)
• Palestine Telecommunications (30.78%)
• Palestine Plastic Industries Co Ltd (4.13%)
• Arab Bank PLC (1.125%)

Contacts