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SANAD Construction Resources Company a Listed Company at Palestine Exchange
Feb 20, 2017
SANAD started its shares trading on Monday Feb. 20th in a ceremony in Ramallah. The trading comes after the company's successful IPO last month and after making all listing requirements at PEX.

SANAD had offered 6 million shares, 10% of its shares, in an initial public offering raising its authorized capital to USD 66 million. The company share closed its first day trading at USD 2.48 raising SANAD's market capitalization to USD 164 million.

Mr. Ahmad Aweidah, CEO of PEX said that SANAD's listing is a qualitative addition to our listed companies. He added that SANAD is the first company that successfully used IKTITAB electronic IPO system for its IPO.

Dr. Mohammad Mostafa, Chairman of SANAD said that the listing is another success to be added to the company and to the Palestine Investment Fund, the biggest shareholder. 

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