Arab Palestinian Investment Company (APIC) Chairman and CEO Tarek Aggad announced that APIC achieved net profits from continuing operations of USD 20.4 million in the first half of 2022, versus USD 16.9 million for the same period of 2021, a growth of 20.8% year on year. Net profits in the first half of 2022, amounted to USD 20.4 million, versus USD 21.2 million for the same period of last year, a decline of 4% year on year since the results of the first half of 2021 included one-time non-operational profits of USD 4.67 million resulting from the selling of APIC’s entire stake in Arab Palestinian Shopping Centers Company (Bravo).
