Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Munib Al-Masri: Starting the foundation of Jerusalem fund for investment with a capital of $100 million

2008-06-10

The prominent businessman and the chairman of PADICO Mr.Munib Al-Masri announced that the steps of establishing the Jerusalem fund for investment had started with a capital of $100 million, indicating that PADICO will contribute by $25 million, and the fund will be active in small and large projects especially in the housing aspect. Al-Masri pointed out that there are contacts with the Islamic "Waqf" and the church that both own lands in Jerusalem city to establish projects on, alluding that there is a big crises in this city due to lack of houses. Al-Masri said "we believe that the investment in Jerusalem is glory, and there are huge opportunities for work" and added "it is important to reactivate the economic movement in Jerusalem, and we hope that this will contribute in refreshing the economy, because Jerusalem is precious on all of us". Al-Masri pointed out in a conversation with the press in Jerusalem that PADICO will contribute with $25 million and the remaining capital will be ingathered from other shareholders, and the banks and other investment funds had shown readiness to contribute.


 

2017-06-22
Al-Quds Index at its highest level in three years

2017-06-21
Al-fiter holiday announcement

2017-06-19
Delisting the Arab Palestinian Shopping Center BRAVO from the PEX

2017-06-15
Al-Quds Index rebounds upwards in mid-June

2017-06-08
Al-Quds Index in the red zone in the second week of Ramadan

2017-06-01
New anticipations appear with the start of June

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013