PADICO General Assembly Convenes Its 31st Ordinary Annual Meeting
PADICO General Assembly Convenes Its 31st Ordinary Annual Meeting

Bashar Al-Masri reassures Gaza shareholders: “No matter the circumstances, our solidarity and support prevail.”



Rawabi, 12 May 2026

Palestine Development and Investment Holding (PADICO) convened its 31st Ordinary Annual Meeting on 12 May 2026, held in person in the city of Rawabi and via video conference with the Gaza Strip. The meeting was attended by shareholders representing 84.89% of the Company’s share capital, either in person or by proxy.

The Chairman of the Board Mr. Bashar Masri opened the meeting by emphasizing the importance of maintaining communication with shareholders in the Gaza Strip and extended his greetings and solidarity to them.

He noted that this is the first time since the outbreak of the war on Gaza, shareholders from the Gaza Strip were able to participate via video conference.

In his speech, Mr. Masri stated:

“PADICO maintained a steady and responsible performance despite the complex economic and political environment in Palestine. PADICO adopted calibrated strategies aimed at strengthening the resilience of its portfolio companies, maintaining operational stability, and supporting sustainable growth, resulting in a notable increase in profits.”

Masri added: “investing in Palestine is an investment in the ability to transform challenges into real opportunities for growth.” Reiterating PADICO’s commitment to its long‑term strategy and to contributing to a more resilient and prosperous national economy.

During the meeting, key achievements and challenges of the year were highlighted, and the items on the agenda were discussed. The General Assembly approved the audited financial statements for the year 2025, discharged the members of the Board of Directors from liability for that period, and appointed Ernst & Young as the external auditor for the year 2026.

PADICO is a public shareholding company with diversified investments across key economic sectors in Palestine, including telecommunications and information technology, real estate, financial services, agriculture, tourism, infrastructure, and energy.