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Palestine Securities Exchange celebrated the launch of its new corporate identity during a ceremony in Ramallah on 29/9/2010. "Palestine Exchange" (PEX) is the new brand name and "Palestine of Opportunities" is the slogan, which reflects the tangible investment opportunities in Palestine. This event comes after the recent transformation of the Exchange into a public shareholding company back in February 2010.
Dr. Rami Al-Hamdallah, Chairman of Palestine Exchange emphasized in his welcoming speech the importance of PEX as the backbone of the Palestinian Economy. He said that the investment opportunities in Palestine are as rewarding as the ones in neighboring exchanges. He also underlined PEX activities in terms of increasing the depth of the exchange, attracting local and foreign investments and adopting state of the art technologies.
Dr. Al-Hamdallah stated that the new PEX slogan reflects PEX strategy in attracting investments especially from the Palestinian Diaspora. He also pointed out the importance of the recent transformation of the exchange into a public shareholding company on the Palestinian economy in general and on the capital market sector in specific especially that the PEX will be listed on the exchange next year. He also highlighted the stability of Al-Quds index and the positive performance of the Exchange lately which reflects a clear message to investors of the steadiness of the Palestinian capital market.
PEX Strategy for development
Chief Executive Officer of PEX, Mr. Ahmad Aweidah highlighted in his presentation some of PEX milestones since establishment. He also introduced the PEX strategy for development including, quality listings of new companies, attracting a substantial and resourceful Palestinian Diaspora, the creation of an independent Central Security Depository and Clearing company (CSD), as well as the constant investment in best of breed systems and applications to support growth and service diversification. Aweidah said: "PEX has always adopted state of the art technologies since its launch; this has made the exchange one of the safest investment platforms".
Aweidah also highlighted incentives for investing in the PEX stating that it is a small exchange, yet robust and growing fast. He added: “the exchange efficient structure and operations is within best international practice. PEX has an advanced regulatory environment within international standards. Listed companies" financial performance is consistent and growing".