The General Assembly of Padico Holds Its 31st Annual Ordinary Meeting

SadaNews - The General Assembly of Palestine Development and Investment Company (Padico) held its 31st annual ordinary meeting, both in-person in the city of Rawabi and via video conferencing with the Gaza Strip, with the participation of shareholders holding shares in person and by proxy amounting to 84.89% of the shareholders.

The meeting was opened by the Chairman of the Board, Bashar Masri, who emphasized the continued communication with shareholders in the Gaza Strip and sent his greetings and love to them, as they participated for the first time since the start of the war on the region via video call.

In his speech, he stated: "Padico continued its performance with stability and responsibility despite the complexities of the general situation in Palestine. It has initiated the adoption of studied strategies aimed at enhancing its companies' resilience and maintaining the stability and growth of their operational performance, achieving a noticeable increase in profits."

He added that investing in Palestine is investing in the ability to turn challenges into real opportunities for growth, reaffirming Padico's commitment to continuing to implement its long-term strategy and working steadfastly towards a more resilient and prosperous national economy.

During the meeting, the highlights of achievements and challenges over the year were reviewed, and the items listed on the agenda were discussed. The General Assembly approved the audited financial statements for the year 2025, as well as the release of the Board members' liabilities for that period, and elected Ernst & Young as the company's auditor for the year 2026.

It is worth mentioning that Palestine Development and Investment Company (Padico) is a public shareholding company that invests in key economic sectors in Palestine, including telecommunications and information technology, real estate, finance, agriculture, tourism, infrastructure, and energy.