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The Federation Of Euro-Asian Stock Exchanges Holds "Meet the Market With FEAS, Jordanian And Palestinian Capital Markets" Virtual Event

The Federation Of Euro-Asian Stock Exchanges Holds "Meet the Market With FEAS, Jordanian And Palestinian Capital Markets" Virtual Event
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APIC's net profits elevated in the first half of 2021 to reach USD 21.22 million, a growth of 135% year on year

/PRNewswire/ Chairman and CEO of Arab Palestinian Investment Company (APIC) Tarek Aggad announced that the group achieved net profits after tax of USD 21.22. ....

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Tehran Stock Exchange Elected For FEAS Board

Tehran Stock Exchange Elected For FEAS Board
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APIC achieves net profits of $8.31M by first quarter of 2021, a growth of 62.4% year on year

27/May/2021 05:34 PM
APIC achieves net profits of $8.31M by first quarter of 2021, a growth of 62.4% year on year
RAMALLAH, Thursday, May 27, 2021 (WAFA) - Chairman and CEO of Arab Palestinian Investment Company (APIC) Tarek Aggad announced that the group achieved net profits after tax of $8.31 million by the first quarter of 2021, a growth of 62.4% compared to the same period of last year, with net profits attributed to APIC shareholders reaching $7.2 million, a growth of 72.9% year on year.
Total revenues grew, amounting to $259.8 million, a growth of 19% year on year, said APIC in a statement.
APIC is a foreign public shareholding investment holding company listed on the Palestine Exchange (PEX: APIC). It holds diversified investments across the manufacturing, trade, distribution, and service sectors in Palestine, Jordan, Saudi Arabia, the United Arab Emirates, Iraq, and Turkey through its nine subsidiaries, employing over 2600 people through its g ....

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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

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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. Accordingly, APIC s paid-in capital will reach USD 105 million following the bonus share distribution.
Net profit attributed to APIC shareholders grew by 11% in 2020
In his statement, Chairman and CEO of APIC Tarek Aggad spoke of the consequences of the coronavirus pandemic, which caused disruptions to businesses and its consequent negative impact on global economic activity. However, he noted that APIC s management was able to respond rapidly, effectively, and decisively to the challenges of the coronavirus ....

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