Palestinian Distribution and Logistics Services Company "Waseel" Announces Its Financial Results for the First Quarter of 2026

SadaNews - The Palestinian Distribution and Logistics Services Company (Waseel) revealed its financial results and consolidated financial statements for the first quarter of 2026, where the profit attributable to the company's shareholders stood at $535,000 compared to $676,000 for the same period in 2025.

This decrease in the company’s profits compared to the same period last year is attributed to the complex political and economic conditions that have affected the performance of some of Waseel's activities, particularly in logistics, heavy transport, and international maritime shipping operations, coinciding with the closures experienced by some regional airports and ports, and the rise in global transportation costs, in addition to the impact on the company’s investment portfolio due to the decline in the closing prices of several local and regional stocks.

It is noteworthy that Waseel is a public joint-stock company listed on the Palestine Exchange with a shareholder base of over 13,000 shareholders, and its investments include logistics services, financial leasing, money transfer, and security and guarding services.