Chairman and CEO of Arab Palestinian Investment Company (APIC) Tarek Aggad announced that the group achieved net profits after tax of USD 31.4 million by the third quarter of 2021, a growth of 96.7% compared to the same period of last year, with net profits attributed to APIC shareholders reaching USD 27.8 million, a growth of 118.2% year on year. Total revenues grew, amounting to USD 821.9 million, a growth of 24.5% year on year.
APIC is a foreign public shareholding investment holding company listed on the Palestine Exchange (PEX: APIC). It holds diversified investments across the manufacturing, trade, distribution and service sectors in Palestine, Jordan, Saudi Arabia, the United Arab Emirates, Iraq and Turkey through its group of subsidiaries, employing over 2,600 people.