Industry & Agriculture

PADICO HOLDING’s investments in the agricultural and industrial sectors amounted to USD 33.1 million, representing 6% of the company’s total investment portfolio at the end of 2011.

PADICO HOLDING’s investments during 2011 in the industrial sector was restructured by selling PADICO HOLDING’s share in the Vegetable Oil Industries Company (VOIC) to Palestine Industrial Investment Company (PIIC) which has become PADICO HOLDING’s arm in industrial investments.

The following table demonstrates PADICO HOLDING’s investments in the agricultural and industrial sectors, and includes the amount of each company’s subscribed capital in addition to PADICO HOLDING’s direct ownership in it or its indirect ownership through PIIC.