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Palestine Telecommunications (PALTEL)

Last update: 11:54 AM market time.
4.41
-0.04
-0.90%
Open 4.44
Previous Close 4.45
High 4.44
Low 4.41
Stock Statistics
Volume 10,560
Turnover 65,813.47
All data are 15 minutes late during market session

General Information

Company Name Palestine Telecommunications (PALTEL)
Company Purpose Palestine Telecommunications (known as: PALTEL) is a public company, listed on Palestine Exchange since May 1997. PALTEL operates within the Telecommunication Services sector focusing on Integrated Telecommunication Services. It has 16 subsidiaries operating across UAE, Jordan and Palestine. PALTEL is based in Nablus, Palestine and was established in January 1997.
Company Establish Date 01 January 1997
Financial Year Start First Quarter
Auditor
  • Ernst and Young - Palestine

Ownership

  • Palestine Development and Investment (32.18%)
  • Palestine Investment Fund (6.74%)
  • Rasmala Investment Bank Ltd (2.54%)
  • Palestine Real Estate Investment Co (1.2613%)
  • Tamkeen Palestinian Insurance (1.151%)

Management

Sabih Taher Darwish Al Masri Chairman
Bashar Masry Deputy Chairman Represents Palestine Development and Investment
Maan Adnan Hamdan Melhem CEO
Mohammed Ahmed Al Masri Board Members Represents Arab Bank PLC
Yazeed Al mofty Board Members Represents Cairo Amman Bank - Jordan
Zahy Khoury Board Members Represents Al Maseera International Co
Ghiath Mouner Sakhtian Board Members Represents GMS Holdings
Sharhabil Al Zaeem Board Members Represents Palestine Development and Investment
Samir Osman Mahmoud Hulileh Board Members Represents Palestine Development and Investment
Talal Kazem Abdullah Nasser El Din Board Members Represents Birzeit Pharmaceuticals Co
Fadi Azzam Dweik Board Members Represents Aswaq for Financial Portfolio

Subsidiaries

  • Ayla for Consulting and Investment Services Co (100.00%)
  • Reach for Telecommunication Services (100.00%)
  • Palestinian Multimedia Co (100.00%)
  • Hadara for Technological Investment (100.00%)
  • Hulul Business Solutions (100.00%)
  • Palestine Cellular Communications Co (100.00%)
  • The National Company for Electronic Payments (49.00%)
  • Vtel Middle East and Africa (26.93%)
  • Vtel Holdings Ltd (26.93%)
  • Palestine Power Generating Co (10.00%)
  • Palestine Development and Investment (0.04%)

Contacts

Address Rafedia Main St. , P.O.Box: 1570 Nablus
Phone +970 9 2000000
Fax +970 9 2300000
Website www.paltel.ps
Contact Person