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Source: Thomson Reuters.   Last updated on Nov 21, 2017 at 00:44AM (UTC).   Delayed by at least 15 minutes.
Arab Palestinian Investment Company "APIC" Renews its Exclusive Sponsorship of the Stock Simulation Competition of Palestine Exchange
Dec 13, 2015
As part of APIC's strategy and its corporate social responsibility (CSR) approach in supporting education and health sectors, youth, entrepreneurship, as well as social, cultural and charity institutions in Palestine, APIC signed with Palestine Exchange (PEX) an exclusive sponsorship agreement to support the stock simulation competition among Palestinian universities for the second year consecutively.
The agreement was signed at APIC's premises in Ramallah by Mr. Nader Hawari, APIC's Vice President- Business Development and Mr. Ahmad Aweidah, CEO of Palestine Exchange.
 
Mr. Aweidah acknowledged APIC's role in supporting this initiative for the second year in a row. He confirmed that PEX and APIC play a key role in leveraging the academic community and enhance the abilities of the youth as part of their corporate social responsibility. Mr. Aweidah confirmed the success of the stock simulation competition during the past eight years.
 
Mr. Hawari said that educational support and youth empowerment are two pillars of APIC’s CSR program. Accordingly, APIC believes that this support will contribute to the development of students' capacity and equip them with necessary practical skills for their future.
 
The stock simulation competition targets university students in Palestine to leverage their practical skills and enhance their financial competence in stock trading in an environment that simulates trading at PEX. The ninth round of this competition will be launched early January 2016 with the participation of 260 students from 11 Palestinian Universities.
 
APIC is a foreign public shareholding company which was listed on Palestine Exchange on March 2, 2014. APIC's paid-up capital is USD 60 million. As an investment holding company, APIC investments are diverse, spanning across the manufacturing, trade, distribution and service sectors with a presence in Palestine, Jordan, Saudi Arabia, through its nine subsidiaries.

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