Palestine Telecommunications (PALTEL)
Last update: 17 July 11:40 AM market time.
0.20
4.17%
Open
4.82
Previous Close
4.80
High
5.00
Low
4.82
Stock Statistics
Volume
36,097
Turnover
253,840.58
All data are 15 minutes late during market session
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General Information
Company Name
Palestine Telecommunications (PALTEL)
Company Purpose
Palestine Telecommunications (known as: PALTEL) is a public company, listed on Palestine Exchange since May 1997. PALTEL operates within the Telecommunication Services sector focusing on Integrated Telecommunication Services. It has 16 subsidiaries operating across UAE, Jordan and Palestine. PALTEL is based in Nablus, Palestine and was established in January 1997.
Company Establish Date
01 January 1997
Financial Year Start
First Quarter
Auditor
- Ernst and Young - Palestine
Ownership
- Palestine Development and Investment (32.18%)
- Palestine Investment Fund (6.74%)
- Rasmala Investment Bank Ltd (2.54%)
- Palestine Real Estate Investment Co (1.2613%)
- Tamkeen Palestinian Insurance (1.151%)
- Al Takaful Palestinian Insurance Co PLC (0.26%)
- The Vegetable Oil Industries (0.0456%)
- Palestine Insurance (0.0069%)
Management
Sabih Taher Darwish Al Masri
Chairman
Represents
Palestine Development and Investment
Bashar Faeq Asaad Masry
Deputy Chairman
Maan Adnan Hamdan Melhem
CEO
Ghiath Mouner Sakhtian
Board Members
Represents
GMS Holdings
Zahy Khoury
Board Members
Represents
Al Maseera International Co
Yazeed Al mofty
Board Members
Represents
Cairo Amman Bank - Jordan
Mohammed Ahmed Al Masri
Board Members
Represents
Arab Bank PLC
Abdel Hamid Fayez Abdel Hamid AlAbwa
Board Members
Represents
Aswaq for Financial Portfolio
Talal Kazem Abdullah Nasser El Din
Board Members
Abdullah Elias Abdullah Sabat
Board Members
Represents
Palestine Development and Investment
Lina Ali Ibrahim Fattom
Board Members
Represents
Palestine Development and Investment
Subsidiaries
- Hadara for Technological Investment (100.00%)
- Hulul Business Solutions (100.00%)
- Palestine Cellular Communications Co (100.00%)
- Palestinian Multimedia Co (100.00%)
- Reach for Telecommunication Services (100.00%)
- Ayla for Consulting and Investment Services Co (100.00%)
- The National Company for Electronic Payments (49.00%)
- Vtel Middle East and Africa (26.93%)
- Vtel Holdings Ltd (26.93%)
- Palestine Power Generating Co (10.00%)
- The National Bank (5.78%)
- Palestine Development and Investment (0.04%)
Contacts
Address
Rafedia Main St. , P.O.Box: 1570 Nablus
Phone
+970 9 2000000
Fax
+970 9 2300000
Website
www.paltel.ps
Email
ir@paltelgroup.ps
Contact Person
