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A trend of local brokerage firms and Chilean company to set up a fund of $ 5 million to invest in the financial market of Palestine

2009-05-21

Saed Abu Farha wrote:
Ahmed Aweidah the Chief Executive of the Palestine Securities Exchange announced the existence of a trend of three local brokerage firms and a Chilean company to set up a fund worth five million dollars to invest in Palestine Securities Exchange.
Aweidah speaks during a press conference organized by the Palestine Securities Exchange yesterday in Grand Park Hotel in Ramallah, to talk about the results of the marketing tour that had been executed by PSE representatives and financial institutions recently in Chile.
He said that companies of Sahem, Lotus and Al Wasata which had participated in the road show that took place between the fourth and sixth of this month, are whom are  holding the fund, which he confirmed that later will be the focus on how to expand its activities and to increase its capital.
Aweidah pointed out that the issue of listing the club "Palestino" that is related to the Palestinian community in Chile in the Palestine Securities Exchange had been discussed, saying that the achievement of such a move would have positive returns on more than one level.
And said in this regard: the issue is important, as it can continue to achieve continuous communications and knowledge of the market and enhance its performance, and to promote among many Chilean investments in other sectors in the Palestinian territories, and that there are great opportunities to invest in the market; pointing to the recent keenness to communicate with investors at the local level, regional and international levels.