Al-Fuqaha as Chairman of the Board of Directors for Palestine Industrial Investment and Dwaikat as New CEO

SadaNews Economy - The Board of Directors of Palestine Industrial Investment Company approved during its meeting on 5/8/2025 the resignation of Abdul Hakim Al-Fuqaha from his position as CEO of the company, after leading the executive management for over 19 years. The board also agreed to appoint Dr. Said Dwaikat as the new CEO of the company. Al-Fuqaha was also appointed as a member of the board representing the Palestine Development and Investment Company (PADICO) and elected as Chairman of the Board of Directors for Palestine Industrial Investment Company, succeeding Nidal Sakhtian, who held this position since the establishment of the company.

These changes come as part of the company’s direction towards renewing leadership and bringing young talents to the forefront to continue the trajectory of growth and excellence in the Palestinian industrial sector.

Mr. Dwaikat holds a PhD in Management and Strategic Planning, a Master’s degree in Business Administration, and a Bachelor’s degree in Industrial Engineering. He has a distinguished career and over 22 years of practical experience, the latest of which was at the United Nations Industrial Development Organization (UNIDO), where he joined at the beginning of 2020. He has also held senior positions in diverse sectors including industrial development and modernization, renewable energy, and industrial cities, as well as in promoting sustainable industrial growth and institutional transformation.

In this context, Sakhtian stated, "I am proud of these appointments that represent a promising vision for the company and the industrial sector, as both Al-Fuqaha and Dwaikat possess unique experiences that will enable them to continue the growth journey of the group and achieve its strategic vision and goals, contributing to the development of the Palestinian industrial sector." For his part, Al-Fuqaha commented, "I am very happy with the trust the Board of Directors has placed in me by appointing me as Chairman of the Board, and transitioning from managing daily operations to shaping the strategic directions of the company. I look forward to building on the achievements made so far."

For his part, Dwaikat expressed his gratitude to the Chairman and members of the Board of Directors of Palestine Industrial Investment for the precious trust they have given him, saying, "I look forward to working with my colleagues in the executive management to continue leading the company and its pioneering role in the Palestinian national industrial sector. I am confident that our joint efforts will yield further development in the industrial sector in line with our long-term strategic vision," praising the efforts made by Abdul Hakim Al-Fuqaha and his role in elevating the company throughout his years of service.

It is worth noting that Palestine Industrial Investment Company is a public shareholding company with a capital of about 19 million Jordanian dinars, managing assets with a book value of over 150 million dollars, and generating annual revenues exceeding 75 million dollars. It is the investment arm of Palestine Development and Investment Company (PADICO) in the industrial and agricultural sectors, with notable investments including Palestine Poultry Company (Aziza), Al-Binaar Dairy Products Company, National Company for Carton Industry, Vegetable Oils Factory, and Al-Rabeea Feed Industry Company.