Financial & Services
The financial sector in Palestine is evolving with the presence of international, regional, and local financial services companies and the growth of the Palestine Exchange (PEX). PADICO HOLDING has been involved in this sector through investments across various lines of business.
The telecommunications sector in Palestine is thriving. Growth has taken place in various business sectors including ADSL, landline, and mobile services. Mobile service subscriber penetration in Palestine has dramatically increased from 29% in 2006 to 70% in 2011.
PADICO HOLDING’s investments in the financial and services sectors amounted to USD 379.7 million, which represent 65% of the company’s total direct investments at the end of 2011. The following table demonstrates PADICO HOLDING’s investments in the financial and services sectors, and includes the amount of each company’s subscribed capital in addition to PADICO HOLDING’s ownership in it.