Palestine Telecommunications

Palestine Development & Investment Co. is a venture capital firm specializing in seed, start-ups, and early stage investments. The firm primarily invests in companies in industrial buildings and warehouses; commercial and institutional buildings; telecommunications and information technology; tourism, real estate development; energy and environment; electric utilities; security and commodity exchanges; mortgage services; manufacturing; infrastructure; hotel and motel construction; Recreation Clubs; Restaurants; Plastic Products; water and waste water treatment; power generation; solid waste recycling; finance, financial services, capital markets, and banking; and industry and agriculture. It seeks to invest in Palestinian authority, Jordan, and Iran. It seeks to invest a minimum of $1 million in firms with an enterprise value of minimum $5 million. The firm prefers to invest through major three categories, Subsidiary Investments, Affiliate Investments, and Investments in Other Companies. For subsidiary investments, it prefers to take more than 50%, and controlling stake in investments. For Affiliate Investments, it prefers to take owns 20% or more of the capital of the affiliate company, granting an influence on both financial and operational policies. For Investments in Other Companies, it prefers to own less than 20% of the capital, and has limited influence in the decision-making process. The firm is active partner in its investee companies but does not seek control investments. It seeks to exit its investments between five years and seven years. The firm makes investments through personal capital and balance sheet.

Abdel Hakim Foqaha

CEO of Palestine Industrial Investment Co.

Aker, Ammar Abdel Moneim

Director

Hassoun, Amjad Yousef Mahmoud

CFO

Al Turk, Ziad Mohammad Mahmoud

Secretary General and Regional Director