Press Release
Arab Palestinian Investment Company Establishes Emergency Donation Fund
Ramallah, Palestine (ýOctoberý ý6ý,ýý ý2000) - The Arab Palestinian Investment Company (APIC) has established an Emergency Donation Fund in light of the recent Israeli aggression against Palestinians in the West Bank, Gaza Strip and East Jerusalem. The Fund was initially announced to APIC group subsidiaries and staff members and is now available to anyone inside or outside Palestine that would like to offer financial support to the families and/or institutions that have been the victim of this recent aggression.
The fund details are:
Account Name: Arab Palestinian Investment Company - Donations
Account Number: 77064
Bank: Bank of Jordan
Branch: Ramallah
Tarek Omar Aggad, Managing Director of APIC, stated, "APIC exists to participate in building our emerging State, however, before we are business persons we are all part and parcel of our just struggle and will do our utmost to provide the necessary resources to support the steadfastness of our people."
Mr. Aggad commissioned four of APIC subsidiary's General Managers to oversee the fund and make the decisions on where to donate. Likewise, Mr. Aggad took the necessary steps to start the Fund at 150,000 USD. All APIC staff is being asked to make a donation, no matter how small, to the Fund as soon as possible.
APIC, which was established following the Oslo Peace Accords in late 1993, operates the following subsidiaries in Palestine: National Aluminum & Profile Co. in Nablus; Al-Nemeh Food Industries and Al Haya Food Industries (SINIORA) in Eizariya; Unipal General Trading Co., Medical Supplies & Services Co., Palestine Automobile Co., and Sky Advertising Co., Arab Palestinian Shopping Centers P.L.C., all based in Ramallah/Al-Bireh; Arab Palestinian Storage Co. and United Cold Storage in Gaza; and Jericho Natural Mineral Water Co. in Jericho.
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