Company type | public |
---|---|
Industry | holding company |
Founded | September 1994 |
Headquarters | Amman , Jordan |
Area served | Palestine, Jordan, Saudi Arabia |
Key people |
Tarek Aggad (Chairman and CEO) Omar Aggad (founder) |
Arab Palestinian Investment Company was founded in September 1994 by several Arab businessmen to channel investment into Palestine. [1] Since its founding, APIC has become one of the largest operators in Palestine, employing over 3000 employees. Subsidiaries of APIC offer a wide array of products and services through distribution rights agreements with multinational companies that include Philip Morris, Procter & Gamble, Kellogg's, Hyundai, Chrysler, Dodge, Jeep, Alfa Romeo, Fiat, Fiat Professional, XL Energy, Abbott, B. Braun, Eli Lilly, GlaxoSmithKline, Sanofi Aventis and Nivea, among many others. [2] APIC is located in Amman, Jordan and Ramallah, Palestine. [3]
APIC was registered in the British Virgin Islands in September 1994. In 1996, it was registered with Palestine's Ministry of National Economy as a foreign private shareholding company, and became into a foreign public shareholding company in 2013. [4] [5] In March 2014, APIC shares were listed on the Palestine Exchange (PEX: APIC). [6] Its authorized capital is US$125 million, and its paid-up capital is US$112 million as of December 2022. [1] [7]
As an investment holding company, APIC's investments are diverse, spanning across the manufacturing,
[8] trade, distribution and service sectors, with a presence in Palestine, Jordan, Saudi Arabia and the United Arab Emirates through its nine subsidiaries, which include National Aluminum and Profiles Company (NAPCO); Siniora Food Industries Company; Unipal General Trading Company; Palestine Automobile Company; Medical Supplies and Services Company; Sky Advertising and Promotion Company; Arab Leasing Company; and the Arab Palestinian Storage and Cooling Company..
[1]
Company type | public |
---|---|
Industry | holding company |
Founded | September 1994 |
Headquarters | Amman , Jordan |
Area served | Palestine, Jordan, Saudi Arabia |
Key people |
Tarek Aggad (Chairman and CEO) Omar Aggad (founder) |
Arab Palestinian Investment Company was founded in September 1994 by several Arab businessmen to channel investment into Palestine. [1] Since its founding, APIC has become one of the largest operators in Palestine, employing over 3000 employees. Subsidiaries of APIC offer a wide array of products and services through distribution rights agreements with multinational companies that include Philip Morris, Procter & Gamble, Kellogg's, Hyundai, Chrysler, Dodge, Jeep, Alfa Romeo, Fiat, Fiat Professional, XL Energy, Abbott, B. Braun, Eli Lilly, GlaxoSmithKline, Sanofi Aventis and Nivea, among many others. [2] APIC is located in Amman, Jordan and Ramallah, Palestine. [3]
APIC was registered in the British Virgin Islands in September 1994. In 1996, it was registered with Palestine's Ministry of National Economy as a foreign private shareholding company, and became into a foreign public shareholding company in 2013. [4] [5] In March 2014, APIC shares were listed on the Palestine Exchange (PEX: APIC). [6] Its authorized capital is US$125 million, and its paid-up capital is US$112 million as of December 2022. [1] [7]
As an investment holding company, APIC's investments are diverse, spanning across the manufacturing,
[8] trade, distribution and service sectors, with a presence in Palestine, Jordan, Saudi Arabia and the United Arab Emirates through its nine subsidiaries, which include National Aluminum and Profiles Company (NAPCO); Siniora Food Industries Company; Unipal General Trading Company; Palestine Automobile Company; Medical Supplies and Services Company; Sky Advertising and Promotion Company; Arab Leasing Company; and the Arab Palestinian Storage and Cooling Company..
[1]