The Arab Palestinian Investment Company, Ltd. (APIC) was launched by Palestinian and Arab businessmen seeking to channel funds and investments into Palestine, paving the country’s way to greater development and participation in the regional and global economy.
Since 1995, APIC has become a leader in the manufacturing, distribution and service sectors, by enabling local consumers to choose quality products and services that were previously unavailable or imported at a high cost.
With a working capital of $48 million, the company’s business portfolio offers an array of products and services ranging from food to aluminum. Subsidiaries of APIC have forged strategic partnerships with multi-national companies including Philip Morris Tobacco, Procter & Gamble, Abbott International, Beiersdorf (Nivea), Eli Lilly, B. Braun, Hyundai Motors. GlaxoSmithKline, Aventis Sanofi and ASDA’A public relations company.
APIC’s success has largely depended upon its dynamic and exceptional employees, who apply international best practices to the complex political and social environment of Palestine and market-specific opportunities.
Founded
1995
Company Type
Private
Management
- Chairman and Chief Executive Officer Tarek Aggad
- Vice President of Operations Ali Aggad
- Vice President of Business Development Tarek Abbas
- Chief Financial Officer Mutaz Qawass
Financials
- Capital investment: $48 million
- 2009 sales: $282 million
Headquarters
P.O. Box 941489 Amman 11194, Jordan
Tel: +962 6 556 2910
Fax: +962 6 556 2915
Email: apic@apic.com.jo
Website: www.apic.ps
Palestine Branch
P.O. Box 2396
Ramallah, Palestine
Tel: +970 2 298 1060
Fax: +970 2 298 1065
Employees
950 professionals in their fields
Subsidiaries
- Trading & Distribution
- Unipal General Trading Company
- Palestine Automobile Company Ltd. - Hyundai
- Medical Supplies and Services (MSS)
- Arab Palestinian Shopping Centers Company - PLAZA
- Manufacturing
- National Aluminum and Profile Company - NAPCO
- Siniora Food Industries Company
- Services
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