Padico Holding

News and press releases

News and Press Releases

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PADICO Holding Reports its Preliminary Financial Statements for the Year 2023

“Despite the losses, we remain committed to development and investment.”  Bashar Masri Rawabi, 03/03/2024 PADICO Holding disclosed its preliminary consolidated financial statements (unaudited)...

PADICO Holding Reports Its Year-To-Date Financial Results Ending Third Quarter 2023

Rawabi, 27/11/2023 Palestine Development and Investment Company (PADICO) disclosed its year-to-date financial results ending in the third quarter 2023, where the company achieved a net profit...

With a Cost of $60 Million Bashar Masri Announces “Energy for Hope” Solar Power Project in Gaza

Gaza, 21/9/2023 The Chairman of PADICO Holding, Bashar Masri, announced a Gaza new solar energy project for generating electricity from solar energy in the city of Gaza. This announcement took place...

An Economic Delegation from the West Bank Visits Gaza’s Industrial Estate (GIE)

Gaza, 18/9/2023 A West Bank delegation of 50 business people and influential figures visited PADICO Holding’s Gaza Industrial Estate (GIE). The delegation toured the GIE, exploring its...

PADICO Holding Appoints New CFO, Nimer Abdul Wahed

Rawabi, 13/9/2023   Palestine Development and Investment Company Limited (PADICO) announced the appointment of Nimer Abdul Wahed as the new Chief Financial Officer (CFO) succeeding Amjad Hassoun, who...

PADICO Profits $13.9 Million For the First Half of 2023

Rawabi, 15/08/2023 Palestine Development and Investment Company (PADICO) disclosed its financial results and financial statements for the first half of 2023, where the company achieved a net profit...