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The National Industry announces its shares for public subscription during the first quarter of the year 2008 quarter
Mohammad Mustafa, General Director of the Investment Fund stated,”7 investors are intending to develop the housing sector and establish trade centers”. Dr.Mustafa announced that the fund is making contacts with local investors and outside the company for mortgage financing, as part of a strategic plan to develop the real estate and housing sector in Palestine, pointing out the importance of setting up a series of suburbs of the Palestinian cities. Mustafa is likely to raise the company"s shares for subscription General during the first quarter of next year.
This Investment Fund owns 30% of the company"s capital versus 40% for the strategic partner is the national company for mobile communication, the Kuwaiti-owned communications company, while it will raise the remaining 30% for public subscription by the public inside and outside the Palestinian territories. It is noteworthy that the NCI strategic partner won the bid in the second operator of cellular telephone in the Palestinian territories in the auction was in September of the year 2006 compared to 355 million dollars.