PADICO Holding

Stock performance

History

The Palestine Development and Investment Company (PADICO) was founded in 1993 by Palestinian diaspora business leaders, including Munib al-Masri, to invest in the Palestinian economy after the Oslo Accords. It became one of the largest Palestinian companies, with major stakes in telecoms, industry, real estate, and tourism.

Business model

PADICO is a holding company with investments in Paltel, industrial companies, real-estate developments, tourism, and the Palestine Exchange itself, earning returns from dividends and asset sales.

Market position

PADICO is one of the largest investment companies in the Palestinian territories and a major shareholder in Paltel.

Country impact

PADICO represented a large bet by the Palestinian diaspora on economic development after Oslo, and its fortunes have tracked the recurring political and security crises that have constrained the Palestinian economy.