The Palestine Securities Exchange (PSE) and leading Palestinian listed companies aim to attract investment opportunities

The Palestine Securities Exchange (PSE) and leading Palestinian listed companies aim to attract investment opportunities

04/02/10

The Palestine Securities Exchange (PSE) announced its upcoming road show to take place in London on 18-19 March 2010. The road show is a series of high level networking events in cooperation with British counterparties. The mission is supported by the office of the Quartet Representative, RH Tony Blair and in cooperation with the Portland Trust and the Palestine Britain Business Council (PBBC) in UK.

The road show hopes to expose UK investors, investment funds and fund managers in addition to the business and Palestinian Diaspora community in London to promising investment opportunities in Palestine.

The road show comes in partnership with the PALTEL Group. The Palestinian delegation to the UK will be comprised of senior executives from the Palestine Capital Markets Authority (PCMA), PSE member brokerage companies, PSE listed companies, the Palestine Investment Fund (PIF) and The Palestine Investment Promotion Agency (PIPA).

The road show will also help unveil investment prospects in Palestine that are not known to UK investors. The PSE Chief Executive Officer, Ahmad Aweidah stressed the importance of the London road show by showcasing the growth rates of the PSE compared to other markets. Aweidah stated that despite the global financial crisis and political instability, listed companies have exhibited healthy growth rates in 2009. He added " in 2009, the PSE recovered from the impact of the global financial crisis with good performance relative to other MENA countries: The Al-Quds index increased by 11.62% by the end of 2009. Aweidah confirmed that the PSE is financially sound, and well capitalized to maintain a steady business in a volatile world.

Paltel Group CEO, Ammar Aker stated, “We are coming to London to provide investors with an opportunity to invest in a company that is healthy with growing revenues and operating profitability. Being the largest listed Company on the PSE in terms of market capitalization, Paltel offers a return pattern that fits income and growth oriented investors. During 2009, Paltel provided a total return of 18%, 9% in the form of dividend yield and 9% in the form of price appreciation. These returns are accompanied with high liquidity that investors look for.

Our stock performance is supported by strong fundamentals that reflect our sound business model and management practices. During the period from 2003 to 2008, the revenues, EBITDA, EBIT, Net Income and EPS have grown by a CAGR of 23%,26%, 36%, 51%, 32%, respectively. The growth and profitability of the Company has gone hand in hand. The return on equity (ROE) in 2008 is 26.8% and return on assets (ROA) is 19.3%. We collectively, via this mission will offer an added value investment to attract our UK interlocutors.”

 

This is the second PSE road show outside Palestine. In 2009, the PSE headed to Chile, a country with a sizable and influential Palestinian Diaspora with significant means.