Announcement • May 05
Arab Palestinian Investment Company Approves Board Elections Arab Palestinian Investment Company at the extraordinary and ordinary meetings held on May 4, 2026, elected a new board of directors for a four-year term. The newly elected board members are Riham Hussein (representing National Insurance Company) and Raya Sbitany (independent member). Announcement • Apr 21
Arab Palestinian Investment Company announces Annual dividend, payable on June 08, 2026 Arab Palestinian Investment Company announced Annual dividend of USD 0.0500 per share payable on June 08, 2026, ex-date on May 05, 2026 and record date on May 06, 2026. Announcement • Mar 27
Arab Palestinian Investment Company, Annual General Meeting, May 04, 2026 Arab Palestinian Investment Company, Annual General Meeting, May 04, 2026. Location: ramallah Palestinian Authority Announcement • Mar 26
Arab Palestinian Investment Company Proposes Cash Dividends Arab Palestinian Investment Company at its board of directors meting, held on March 25, 2026, decided to submit a recommendation to the general assembly in its ordinary meeting to distribute dividends to shareholders of record as of May 3, 2026, as follows: USD 8 million as cash dividends, which represents 5% of APIC's paid-in capital of USD 160 million. 5 million shares as stock dividends, representing around 3.1%. Following this distribution, the company’s paid-in capital will become USD 165 million. Announcement • Mar 11
Arab Palestinian Investment Company to Report Fiscal Year 2025 Results on Mar 25, 2026 Arab Palestinian Investment Company announced that they will report fiscal year 2025 results on Mar 25, 2026 Board Change • May 28
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. No independent directors (12 non-independent directors). Director Olga Aburdene was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Apr 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Share price has been highly volatile over the past 3 months (5.5% average weekly change). Earnings have declined by 9.0% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.8% net profit margin). Shareholders have been diluted in the past year (24% increase in shares outstanding). Announcement • Apr 21
Arab Palestinian Investment Company, Annual General Meeting, May 05, 2025 Arab Palestinian Investment Company, Annual General Meeting, May 05, 2025. Location: ramallah Palestinian Authority New Risk • Apr 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Palestinian Territory, Occupied stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Earnings have declined by 9.0% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.4% average weekly change). Profit margins are more than 30% lower than last year (0.8% net profit margin). Board Change • Apr 15
No independent directors There are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 12 non-independent directors. Director Olga Aburdene was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Board Change • Feb 26
No independent directors There are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 12 non-independent directors. Director Olga Aburdene was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Reported Earnings • Nov 19
Third quarter 2024 earnings released: EPS: US$0.02 (vs US$0.038 in 3Q 2023) Third quarter 2024 results: EPS: US$0.02 (down from US$0.038 in 3Q 2023). Revenue: US$299.2m (down 8.2% from 3Q 2023). Net income: US$2.80m (down 41% from 3Q 2023). Profit margin: 0.9% (down from 1.4% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 04
Second quarter 2024 earnings released: EPS: US$0.01 (vs US$0.053 in 2Q 2023) Second quarter 2024 results: EPS: US$0.01 (down from US$0.053 in 2Q 2023). Revenue: US$270.5m (down 9.0% from 2Q 2023). Net income: US$670.1k (down 90% from 2Q 2023). Profit margin: 0.2% (down from 2.2% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 15
First quarter 2024 earnings released: EPS: US$0.01 (vs US$0.035 in 1Q 2023) First quarter 2024 results: EPS: US$0.01 (down from US$0.035 in 1Q 2023). Revenue: US$255.4m (down 13% from 1Q 2023). Net income: US$1.55m (down 65% from 1Q 2023). Profit margin: 0.6% (down from 1.5% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. New Risk • May 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.5% net profit margin). Shareholders have been diluted in the past year (6.8% increase in shares outstanding). Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: US$0.15 (vs US$0.24 in FY 2022) Full year 2023 results: EPS: US$0.15 (down from US$0.24 in FY 2022). Revenue: US$1.21b (up 3.9% from FY 2022). Net income: US$17.6m (down 36% from FY 2022). Profit margin: 1.5% (down from 2.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. New Risk • Jan 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Palestinian Territory, Occupied stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Profit margins are more than 30% lower than last year (1.5% net profit margin). Profit margins are more than 30% lower than last year (1.5% net profit margin). Reported Earnings • Dec 14
Third quarter 2023 earnings released: EPS: US$0.04 (vs US$0.058 in 3Q 2022) Third quarter 2023 results: EPS: US$0.04 (down from US$0.058 in 3Q 2022). Revenue: US$325.9m (up 4.6% from 3Q 2022). Net income: US$4.70m (down 31% from 3Q 2022). Profit margin: 1.4% (down from 2.2% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Nov 05
Second quarter 2023 earnings released: EPS: US$0.06 (vs US$0.072 in 2Q 2022) Second quarter 2023 results: EPS: US$0.06 (down from US$0.072 in 2Q 2022). Revenue: US$297.4m (up 10% from 2Q 2022). Net income: US$6.67m (down 20% from 2Q 2022). Profit margin: 2.2% (down from 3.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year. New Risk • Jun 13
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.9% net profit margin). Announcement • May 09
Arab Palestinian Investment Company Ratifies Dividend Distribution Arab Palestinian Investment Company (APIC) held its ordinary general assembly on May 8, 2023, In its meeting, the general assembly ratified dividend distribution amounting to USD 15.64 million for registered shareholders as of May 7, 2023, which represents around 13.96% of APIC's paid-in capital totaling USD 112 million to date, 9.5% as cash dividends amounting to USD 10.64 million and around 4.46% as five million in bonus shares. Accordingly, APIC's paid-in capital will reach USD 117 million following the bonus share distribution. Upcoming Dividend • May 02
Upcoming dividend of US$0.089 per share at 2.4% yield Eligible shareholders must have bought the stock before 09 May 2023. Payment date: 19 June 2023. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Palestinian Territory, Occupied dividend payers (6.1%). Lower than average of industry peers (3.9%). Board Change • Nov 17
No independent directors There are 8 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 12 non-independent directors. Director Olga Aburdene was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Upcoming Dividend • May 03
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 10 May 2022. Payment date: 14 June 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Palestinian Territory, Occupied dividend payers (5.2%). Lower than average of industry peers (3.5%). Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 11 non-independent directors. Director Khaled K. Osaily was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 29
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 06 May 2021. Payment date: 04 July 2021. Trailing yield: 2.1%. Lower than top quartile of Palestinian Territory, Occupied dividend payers (6.0%). Lower than average of industry peers (2.5%). Reported Earnings • Feb 01
Full year 2020 earnings released: EPS US$0.21 (vs US$0.19 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: US$961.4m (up 17% from FY 2019). Net income: US$19.9m (up 11% from FY 2019). Profit margin: 2.1% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Jan 29
New 90-day high: US$2.95 The company is up 17% from its price of US$2.53 on 28 October 2020. The Palestinian Territory, Occupied market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Industrials industry, which is up 21% over the same period. Is New 90 Day High Low • Jan 12
New 90-day high: US$2.83 The company is up 13% from its price of US$2.51 on 14 October 2020. The Palestinian Territory, Occupied market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Industrials industry, which is up 21% over the same period. Is New 90 Day High Low • Dec 22
New 90-day high: US$2.75 The company is up 15% from its price of US$2.40 on 23 September 2020. The Palestinian Territory, Occupied market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Industrials industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: US$2.68 The company is up 11% from its price of US$2.42 on 03 September 2020. The Palestinian Territory, Occupied market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Industrials industry, which is up 12% over the same period. Is New 90 Day High Low • Nov 11
New 90-day high: US$2.56 The company is up 4.0% from its price of US$2.46 on 13 August 2020. The Palestinian Territory, Occupied market is down 5.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Industrials industry, which is also up 4.0% over the same period. Reported Earnings • Oct 27
Third quarter earnings released Over the last 12 months the company has reported total profits of US$17.8m, up 9.3% from the prior year. Total revenue was US$901.6m over the last 12 months, up 14% from the prior year. Is New 90 Day High Low • Oct 12
New 90-day high: US$2.47 The company is up 1.0% from its price of US$2.45 on 13 July 2020. The Palestinian Territory, Occupied market is down 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Industrials industry, which is down 5.0% over the same period.