Rawabi, 16/5/2023
PADICO Holding announced the formation of a new board of directors for the next four years with the nomination of 10 members. The new Board l consists of founding members from previous periods, as well as new leading youth members. The new board includes Messrs. Sabih Al-Masri, Nidal Sukhtian, Yazid Mufti, Bashar Masri, Jamal Hourani, Khaled Anabtawi, Hisham Masri, Ruba Masrouji, Dalal Iriqat, and Tamer Baransi.
The new board is distinguished by its members’ diverse competencies and experiences and will continue to see more successes and achievements, promoting the Palestinian economy as in the company’s past 30 year history.
The founder of PADICO, Mr. Sabih Al-Masri, expressed his happiness with the company’s achievements over the past four years, which resulted in good financial results despite the complex circumstances, enabling the company to expand its investments into developing the Palestinian economy and providing more job opportunities, especially for the youth. He also asserted that the new board’s investment experience varies between traditional sectors, as well as non-traditional sectors. and newer sectors.
Three new members with diverse economic and academic backgrounds joined PADICO’s Board of Directors.
Ms. Ruba Masrouji, the CEO of Masrouji Balsam, also serves on several boards, such as Masrouji Group and Al-Quds Bank. She is also a Dunya Women’s Cancer Center and the Popular Art Center board member. Masrouji Holds an MBA degree from Birzeit University.
Ms. Dalal Iriqat is an Assistant Professor of Diplomacy and Strategic Thinking at the Arab American University (AAU), where she previously served as Deputy Head of International Relations. She was named a Young Global Leader by the World Economic Forum in 2021. Recently, Iriqat was elected President of the Business & Professional Women Network (BPW) Palestine. She holds a Ph.D. in Public Administration from Paris I Sorbonne and a master’s degree in Diplomatic Studies from Westminster University, London.
Mr. Tamer Baransi is General Manager and board member of BCI, a prominent ICT company operating in Palestine and the region. He serves as a board member of many economic organizations and companies, such as the Palestinian Information Technology Association of Companies (PITA), Palestine’s Information and Communication Technology Incubator (PICTI), and the Arab ICT Union. Baransi holds a bachelor’s degree in Economics from the University of Essex in the UK.
PADICO Holding is a public shareholding company listed on Palestine Exchange (PEX). It has a base of around 7,000 shareholders and a paid-in capital of $250 million. The market value of PADICO and its listed and unlisted companies exceeds $2 billion invested in vital economic sectors across Palestine.
