Paltel Group started its operations in Palestine in 1997 with Paltel, the public shareholding company. The group provides state of the art services to the Palestinian end user. Its variety of services include: local and international fixed telephony services, internet, data communications, mobile services and next generation services. The Group has been able to achieve the highest standard in telecommunication services by wisely investing in modern technologies, telecom infrastructure and human resource development.
Today Paltel Group consists of the following subsidiaries: Palestine Telecommunications Company (Paltel) which provides fixed line, internet access via BSA and other value-added services , Palestine Cellular Communications Company (Jawwal) the first mobile operator in Palestine , Hadara Technology Investment Company the biggest internet service provider in Palestine , Reach for Communications Services Company the first contact center in Palestine , Palmedia for Multimedia Services Company the media arm of Paltel Group , and Hulul IT Company the IT arm of Paltel Group .
On the off-shore investments side, the Group holds 25.3% of Vtel holdings and Vtel MEA shares, which was registered at the Dubai International Financial Center (DIFC), which is one of the most reputable financial centers in the region. Vtel registration is considered an important achievement of the company’s goals towards growth and expansion.
Year
Total revenues
Total expenses
Net income (Loss)
Dividends
Capital
Subscribed Capital
Market Cap
2007
226,202,357
98,916,436
65,525,778
%25 Cash
131,625,000
131,625,000
648,911,250
2008
291,105,648
136,354,654
89,179,848
%40 Cash
131,625,000
131,625,000
650,227,500
2009
315,092,000
134,920,000
70,335,000
%35 Cash
131,625,000
131,625,000
676,552,500
2010
339,929,000
149,321,000
86,336,000
%40 Cash
131,625,000
131,625,000
694,980,000
2011
370,200,000
161,036,000
90,744,000
40% Cash
131,625,000
131,625,000
982,081,994
2012
365,852,000
171,698,000
82,132,000
45% Cash
131,625,000
131,625,000
956,091,166
2013
375,257,000
182,773,000
91,827,000
50% Cash
131,625,000
131,625,000
1,076,761,867
2014
355,870,000
190,077,000
85,068,000
45% Cash
131,625,000
131,625,000
1,058,197,990
2015
332,273,000
187,705,000
83,060,000
45% cash
131,625,000
131,625,000
1,030,350,674
2016
332,395,000
186,416,000
80,056,000
40% Cash
131,625,000
131,625,000
924,530,875
2017
334,740,000
211,439,000
70,528,000
40% Cash
131,625,000
131,625,000
850,271,367
2018
305,464,000
186,990,000
67,092,000
40% Cash
131,625,000
131,625,000
802,002,687
2019
238,542,000
175,123,000
63,885,000
40% Cash
131,625,000
131,625,000
779,724,835
2020
240,368,000
175,937,000
43,492,000
30% Cash
131,625,000
131,625,000
705,465,326
2021
267,237,000
184,893,000
68,015,000
40% C
131,625,000
131,625,000
1,045,202,576
Arab Hotel Company (AHC)
Arab Real Estate Establishment (ARE)
Palestine Electric Company (PEC)
The Palestinian Company for Distribution & Logistics Services (WASSEL)
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