Ramallah, Palestine, – The Arab Palestinian Investment Company (APIC) has successfully completed a landmark issuance of five-year corporate bonds totaling USD 120 million, reinforcing investor confidence in one of Palestine’s leading investment holding groups.
The issuance, executed through a private placement, was structured in three currency tranches: USD 76.7 million, JD 22.64 million, and €10 million. A total of nine prominent financial institutions participated in the deal, including Arab Bank, Cairo Amman Bank, Quds Bank, Bank of Palestine, Bank of Jordan, Jordan Ahli Bank, Housing Bank for Trade and Finance, Palestine Deposit Insurance Company, and notably, the International Finance Corporation (IFC).
Initially approved in May 2025 by APIC’s General Assembly during an extraordinary session in Ramallah, the bond issuance was originally set at USD 110 million, with the option to expand. Following oversubscription-totaling USD 126.1 million-the company exercised the expansion option, bringing the final issuance to USD 120 million. The transaction received full approval from the Palestine Capital Market Authority.
Strategic Funding to Support Growth and Resilience
Tarek Aggad, Chairman and CEO of APIC, highlighted the strategic importance of the bond issuance in strengthening the company’s capital structure and advancing its investment activities across Palestine and the region.
“This issuance demonstrates the enduring trust and support from regional and international financial institutions, especially in the face of ongoing economic and humanitarian challenges in Palestine,” Aggad stated. “The renewed participation of banks involved in APIC’s previous bond issuances in 2012, 2017, and 2020 further validates the group’s resilience and long-term growth strategy.”
IFC Commits USD 15 Million in Landmark Deal
In a significant vote of confidence, the International Finance Corporation (IFC) signed a USD 15 million bond subscription agreement with APIC during a formal ceremony held at the company’s Amman office. The deal represents IFC’s largest private sector investment to date in the West Bank and Gaza.
“This partnership reflects IFC’s belief in the strength of APIC’s governance, operations, and social impact,” said Ashruf Megahed, Regional Head for Manufacturing, Agribusiness & Services at IFC. “We see this investment as a catalyst for job creation and sustainable growth in one of the most challenging markets in the region.”
Aggad echoed this sentiment, emphasizing that the IFC’s rigorous due diligence process underscores the group’s adherence to international standards in corporate governance, financial transparency, environmental, and social responsibility.
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