Arab Palestinian Investment Company (APIC)

What Arab Palestinian Investment Company (APIC) does

Arab Palestinian Investment Company (APIC) is a publicly traded investment holding company founded in 1994 and listed on the Palestine Exchange (PEX:APIC) since March 2014. Headquartered in Ramallah with a regional office in Amman, APIC operates a portfolio of 11 subsidiaries and affiliates spanning manufacturing, trade, distribution, and services across Palestine, Jordan, Saudi Arabia, the United Arab Emirates, Iraq, and Turkey. Its core holdings include Siniora Food Industries (meat and plant-based products with five processing plants regionally), National Aluminum and Profiles Company (NAPCO), Reema Hygienic Paper Company (acquired October 2024 with ~40% Palestinian market share), Unipal General Trading (FMCG distribution across 10,000+ retail outlets), Palestine Automobile Company (exclusive distributor of Hyundai, MG, and IM vehicles), Medical Supplies and Services Company (pharmaceutical and healthcare distribution), Sky Advertising, Arab Leasing Company, Qudra Renewable Energy Solutions, and APIC Capital. APIC employs over 3,400 staff through its subsidiaries.

APIC generates revenue through a diversified set of streams: sale of manufactured goods (Siniora meats and Badeel plant-based alternatives, NAPCO aluminum profiles, Reema hygienic paper), exclusive-distribution transaction flows through Unipal's FMCG platform, vehicle and parts sales plus after-sales service through PAC showrooms in the West Bank and Gaza, healthcare and pharmaceutical distribution to pharmacies, hospitals, NGOs, and the Ministry of Health via MSS, advertising and media services through Sky Advertising, and financial leasing income through Arab Leasing. The company's go-to-market relies on exclusive distribution agreements with multinational principals (over 30 principals, 120+ brands, 1,000+ products), an extensive regional retail and showroom network, and B2B contracts with government and institutional buyers. In 2025 APIC reported record revenues of USD 1.31 billion, a 16.84% year-on-year increase, and USD 8.13 million in net income attributable to shareholders; the company also raised USD 54.3 million through an oversubscribed secondary offering and issued a USD 120 million corporate bond with IFC participation.

Name

Arab Palestinian Investment Company (APIC)

Legal name

Arab Palestinian Investment Company

Website

https://apic.ps

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Arab Palestinian Investment Company (APIC) is a publicly listed Palestinian investment holding company operating 11 subsidiaries in manufacturing, trade, distribution, and services across six Middle Eastern countries, serving consumers, retailers, and institutions with branded goods, vehicles, healthcare products, and advertising services.

Ownership category

akta.pro rank

Product category

Investment Holding Company

NAICS

Management of Companies and Enterprises (551), Management of Companies and Enterprises (55111), Miscellaneous Financial Investment Activities (523999), Portfolio Management and Investment Advice (523940)

SIC

Investors, Nec (6799)

akta.pro primary industry

Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN)

Keywords

• Investment holding company
• Diversified conglomerate
• FMCG distribution
• Food manufacturing
• Automotive distribution

Headquarters

HQ city

Ramallah

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Manufacturing: Revenue from manufacturing operations including Siniora Food Industries (meat products, cold cuts, plant-based alternatives), NAPCO (aluminum profiles), and Reema Hygienic Paper Company (sanitary paper products).
2. Fast-Moving Consumer Goods Distribution: Unipal General Trading Company generates revenue as the exclusive distributor of over 30 international and local principals with over 120 brands and 1,000+ products across Palestine and Jordan.
3. Automotive Distribution and Services: Palestine Automobile Company serves as the exclusive distributor of Hyundai, MG, and IM vehicles in Palestine with showrooms and service centers across the West Bank and Gaza.
4. Healthcare and Pharmaceutical Distribution: Medical Supplies and Services Company distributes pharmaceuticals, medical equipment, surgical items, and FMCG to pharmacies, hospitals, NGOs, Ministry of Health, and retail outlets.
5. Advertising and Media Services: Sky Advertising provides advertising, promotion, PR, event management, and digital media services through billboards and LED screens across Palestinian cities.
6. Financial Leasing Services: Arab Leasing Company provides vehicle and equipment leasing and financing services primarily for Palestine Automobile Company's exclusive brands.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Arab Palestinian Investment Company (APIC) is a public investment holding company that owns and operates a diversified group of subsidiaries across manufacturing (Siniora meat products, NAPCO aluminum profiles, Reema hygienic paper), trade and distribution (Unipal FMCG, Palestine Automobile Company for Hyundai/MG/IM vehicles, Medical Supplies and Services for pharmaceuticals), services (Sky Advertising, Arab Leasing, Arab Palestinian Storage and Cooling), and renewable energy (Qudra). The portfolio spans Palestine, Jordan, Saudi Arabia, UAE, Iraq and Turkey, with subsidiaries holding exclusive distribution rights for multinational principals and selling through networks of over 10,000 retail outlets.

Product overview

APIC is a diversified investment holding company with a portfolio of subsidiaries operating across manufacturing, trade, distribution, and service sectors. The company operates through ten main subsidiaries: Siniora Food Industries (meat manufacturing with plant-based products), NAPCO (aluminum profiles), Reema Hygienic Paper Company (sanitary products), Unipal (FMCG distribution), Palestine Automobile Company (automotive distribution), Medical Supplies and Services (healthcare distribution), Sky Advertising (media services), Arab Leasing Company (financial services), Qudra Renewable Energy Solutions, and APIC Capital (investment management). The portfolio spans Palestine, Jordan, Saudi Arabia, UAE, Iraq, and Turkey, with subsidiaries offering products through exclusive distribution agreements with multinational companies.

Differentiator

Problem solved

Functional benefit

Brands

• Siniora Al-Quds: Brand for cold cuts and meat products by Siniora Food Industries Company
• Unium
• Badeel
• Polonez
• Al Masa
• NAPCO Industrial
• NAPCOJO
• APIC Capital
• TAQA

Products and services

• Siniora Food Industries Company Leading meat manufacturing company producing cold cuts, luncheon meat, frozen meat, and plant-based alternative Badeel under Siniora Al-Quds, Unium, Polonez and Al Masa brands. Operates five state-of-the-art processing plants across Palestine, Jordan, UAE, Turkey and Saudi Arabia, producing over 100 types of products sold in Jordan, Palestine, Saudi Arabia, UAE, Turkey and other Middle Eastern countries.
• National Aluminum and Profiles Company (NAPCO) First aluminum profiles manufacturer in Palestine, producing high-quality aluminum products with annual capacity exceeding 20,000 tons. Serves architectural and industrial applications and holds approximately 30% market share, selling under NAPCO Industrial (1948 territories) and NAPCOJO (Jordan) brands.
• Reema Hygienic Paper Company Leading player in Palestine's sanitary paper industry with approximately 40% market share, employing over 90 skilled professionals across manufacturing, marketing, sales and logistics. Founded in 1982 and majority-owned by APIC since October 2024.
• Unipal General Trading Company Leading fast-moving consumer goods (FMCG) distribution platform in Palestine and one of the leading distributors in Jordan. Manages an exclusive distribution portfolio of more than 30 international and local principals, encompassing over 120 brands and more than 1,000 products, serving over 10,000 retail outlets across Palestine and Jordan.
• Palestine Automobile Company (PAC) Official and exclusive distributor of Hyundai, MG and IM vehicles in Palestine. Operates extensive showrooms and service centers across West Bank and Gaza in Nablus, Ramallah, Hebron and Beit Sahour, with after-sales services and fleet offerings supported by Arab Leasing Company financing.
• Medical Supplies and Services Company (MSS) Exclusive distributor of pharmaceuticals, FMCG, healthcare products and medical equipment in Palestine. Distributes to pharmacies, private hospitals, NGOs, the Palestinian Ministry of Health, and retail outlets, including surgical items and medical equipment.
• Sky Advertising and Promotion Company Pioneer in advertising, public relations and event management in Palestine. Provides advertising services through the widest network of billboards and LED screens in Palestinian cities, plus digital media services through subsidiary Oyoun Media.
• Arab Leasing Company Provides leasing and financing services primarily for Palestine Automobile Company's exclusive brands (Hyundai, MG, IM). Offers fleet of private and commercial vehicles, expanding services to include equipment and machinery leasing.
• APIC Capital Investment arm managing APIC's financial investments in Palestine and across regional and international markets. Manages portfolio including direct investments in private and publicly listed companies, plus private equity and venture capital fund investments.
• Badeel (Plant-Based Meat Alternative) Vegan meat alternative launched by Siniora in 2022, soy-free and gluten-free, available in four types: burgers, minced, sausages and nuggets. Targeted at health-conscious consumers seeking plant-based protein alternatives.

Quantifiable outcome

• Record revenues of USD 1.31 billion in 2025, a 16.84% year-on-year increase
• +3 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• TAQA for Sustainable Projects Development CompanycoreStrategic or Co-development Partner · 15 September 2025APIC, in partnership with Bank of Palestine and Massader Natural Resources & Infrastructure Development Company, established TAQA for Sustainable Projects Development Company to drive renewable energy investments in Palestine. TAQA represents a strategic renewable energy company aimed at developing sustainable energy solutions in the region.
• SOS Children's VillagesminorStrategic or Co-development Partner · 8 February 2025APIC and SOS Children's Villages commemorated a decade of strategic partnership with the renewal of their three-year agreement. APIC supports the SOS Children's Villages Community Homes Project in Bethlehem as part of its corporate social responsibility program.
• Reema Hygienic Paper CompanycoreStrategic or Co-development Partner · 7 October 2024APIC acquired a 51% stake in Reema Hygienic Paper Company, establishing majority ownership. The agreement was signed in Ramallah, Palestine with the aim of supporting local industries, expanding APIC's investment footprint in Palestine, and bolstering Reema's growth. Reema was founded in 1982 and holds approximately 40% market share in Palestine's sanitary paper industry.
• Riwaq - Center for Popular ArchitectureminorStrategic or Co-development Partner · 12 December 2021APIC entered into a three-year strategic agreement with Riwaq to support their Job Creation Program, which focuses on creating job opportunities through restoration work. The program aims to preserve Palestinian architecture by restoring, reviving, documenting, and conserving cultural and natural heritage.

Scale indicators16 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• The Olayan Group: One of the largest privately held Saudi conglomerates with operations spanning food and beverage, manufacturing, distribution, real estate, financial services, and consumer products across MENA and globally. Comparable as a diversified Middle Eastern holding company operating across manufacturing and distribution sectors, though significantly larger and privately held.
• Almarai: Largest vertically integrated dairy and food company in the world, listed on Tadawul, operating across manufacturing and distribution of consumer food products across the Middle East. Comparable to Siniora Food Industries' scale, brand-driven food manufacturing and distribution model, regional cold-chain footprint, and listed-MENA corporate profile.

Direct peers

• National Industrialization Company (Tasnee): Saudi Arabia's leading diversified industrial holding company with publicly listed shares and operating subsidiaries across petrochemicals, chemicals, metals, and downstream industrial products. Highly analogous structure to APIC as a publicly traded industrial holding with multiple operating subsidiaries across sectors and geographies in the Middle East.
• Saudi Industrial Investment Group (SIIG): Saudi publicly listed diversified industrial group with stakes in petrochemicals, metals, and industrial services across the Middle East. Comparable as a publicly traded MENA industrial holding operating through multiple subsidiaries, similar in scope and listed-market structure to APIC.
• Investcorp: Bahrain-headquartered alternative investment firm with a portfolio management arm, direct private equity investments, and PE/VC fund commitments across MENA, the US, and Europe. Direct overlap with APIC Capital's mandate of managing direct stakes alongside investments in leading PE/VC funds across regional and international markets.
• Palestine Investment Fund (PIF): Palestinian sovereign-linked investment entity holding diversified stakes across manufacturing, trade, services, and real estate in Palestine and the wider region. Most directly comparable peer given similar mandate to channel investment into Palestine, diversify across sectors, and create local employment — directly overlapping APIC's investment thesis and operating geography.

Others

• Bank of Palestine: Largest Palestinian banking group providing corporate, retail, and investment banking services, and APIC's partner in the TAQA renewable energy JV. Comparable as a major Palestinian financial and corporate partner and ecosystem anchor with overlap in financing APIC's distribution and manufacturing activity, though operating in banking rather than investment holding.

Emerging players

• Sahara International Petrochemical Company (Sipchem): Saudi petrochemical company listed on Tadawul, producing chemicals and polymers across joint-venture and wholly owned plants in Saudi Arabia. Useful comparable for APIC's model of operating subsidiaries as JVs and holdings alongside wholly owned manufacturing assets, though narrower in sector focus.
• Hikma Pharmaceuticals: London-listed MENA-based pharmaceutical manufacturer and distributor with significant operations in the Middle East and North Africa, producing generics, injectables, and branded products. Partially comparable to APIC's Medical Supplies and Services Company (MSS) given the regional pharmaceutical distribution model and MENA operating footprint.
• Arabian Food Industries Company (Domty): Egyptian cheese and processed foods manufacturer listed on the Egyptian Exchange with regional expansion ambitions. Closely comparable in product category and operating model to Siniora's meat processing and plant-based (Badeel) business as a regional emerging-market branded food manufacturer scaling into plant-based and frozen categories.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights9 records

Customer concentration

• LinkedInlinkedin.com/company/arab-palestinian-investment-company--apic

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries12 records

Funding overview

Funding rounds1 record

Investors9 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments8 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Arab Palestinian Investment Company (APIC)