Kuwaiti investment in Palestinian real estate firm

Board Director of Palestine Development and Investment Company (PADICO) Munib Al-Masri welcomed the participation of the Kuwaiti Global Investment House as a strategic partner in Palestine Real-Estate Investment Company, a subsidiary of PADICO group, the fastest-growing Palestinian business conglomerate.

Global informed the Palestinian real-estate company that it would buy 15 million shares, which equals 30 percent of the company's capital after increasing it from US$ 22.5 million to 50 million.