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26 December 02:38 PM

Palestine Telecommunications (PALTEL)

Last update: 24 December 11:09 AM market time.
5.30
0.00
0.00%
Open 5.30
Previous Close 5.30
High 5.30
Low 5.30
Stock Statistics
Volume 143
Turnover 757.90
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 (30.78%)
  • Palestine Investment Fund (6.52%)
  • Arab Bank MENA Fund (1.73%)
  • Tamkeen Palestinian Insurance (0.79%)
  • The Vegetable Oil Industries (0.0456%)
  • Palestine Insurance (0.0069%)

Management

Sabih Taher Darwish Al Masri Chairman Represents Palestine Development and Investment
Bashar Faeq Asaad Masry Deputy Chairman
Ghiath Mouner Sakhtian Board Members Represents GMS Holdings
Zahy Khoury Board Members Represents Al Maseera International Co
Yazeed Al mofty Board Members Represents Cairo Amman Bank - Jordan
Mohammed Ahmed Al Masri Board Members Represents Arab Bank PLC
Abdel Hamid Fayez Abdel Hamid AlAbwa Board Members Represents Aswaq for Financial Portfolio
Abdullah Elias Abdullah Sabat Board Members Represents Palestine Development and Investment
Lina Ali Ibrahim Fattom Board Members Represents Palestine Development and Investment

Subsidiaries

  • Reach for Telecommunication Services (100.00%)
  • Palestinian Multimedia Co (100.00%)
  • Palestine Cellular Communications Co (100.00%)
  • Ayla for Consulting and Investment Services Co (100.00%)
  • Hulul Business Solutions (100.00%)
  • Hadara for Technological Investment (100.00%)
  • The National Company for Electronic Payments (49.00%)
  • Vtel Holdings Ltd (26.93%)
  • Vtel Middle East and Africa (26.93%)
  • Palestine Power Generating Co (10.00%)
  • The National Bank (5.78%)
  • Palestine Development and Investment (0.04%)

Contacts

Address Rafedia Main St.
Phone +970 2 2944019
Fax +970 2 2350305
Website www.paltel.ps
Email [email protected]
Contact Person