Rawabi, 11/2/2025
The Extraordinary General Assembly of Palestine Development and Investment Ltd. (PADICO) has approved the issuance of loan bonds with a maximum value of $120 million. The proceeds will be used to retire the company’s existing bonds. This approval was granted during the extraordinary meeting held today, Tuesday, in the city of Rawabi and via video conferencing, with the participation of shareholders representing more than 80% of the company’s capital, either directly or by proxy.
These bonds are non-tradable on the Palestine Exchange or any other financial market and are non-convertible into shares. They carry a total nominal value of $120 million with a five-year maturity period.
PADICO first issued loan bonds in 2011, marking the first-ever bond issuance in Palestine. This issuance is the company’s fourth one.
Palestine Development and Investment Ltd. (PADICO) is a publicly traded company investing in key economic sectors in Palestine, including telecommunications and information technology, real estate, finance, industry, agriculture, tourism, infrastructure, and energy.