Rawabi, 12 August 2026

PADICO disclosed its consolidated financial results for the first half of 2026, where profit attributable to the company’s shareholders amounted to USD 17.1 million, compared to USD 8.6 million for the same period last year.

This growth in PADICO’s financial results is attributed to the improved operational performance in most of its subsidiaries and associate companies during the first half of the year, particularly the notable improvement in the telecommunications and information technology sector, represented by Palestine Telecommunications Company/Jawwal, and the real estate sector, represented by Arkaan Real Estate, despite ongoing political and economic challenges.

In terms of the financial position, consolidated assets increased by 4.1% reaching USD 744.1 million at the end of the first half of 2026, while consolidated equity increased by 5.8% reaching USD 521.9 million, compared with year-end 2025. The book value per share amounted USD 2.05.

Palestine Development and Investment Company (PADICO) is a public shareholding company investing in various key economic sectors in Palestine, including telecommunications and information technology, real estate, finance, agriculture, tourism, infrastructure, and energy. Since its establishment, PADICO has worked to strengthen the foundations of development and advancement of the Palestinian economy through its diversified investment activities.