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شبكة راية الإعلامية
Hamdan Lrayah: $7M Al-Ard Al-Muqaddasah Insurance plan shows liquidity and investor trust
Holy Land Insurance Takaful Company successfully completed its initial public offering (IPO), achieving coverage of approximately 390% with nearly $7 million raised through 547 subscription applications for 1,817,500 shares. This reflects investors' confidence and the availability of sufficient liquidity in the Palestinian market. The process was conducted electronically, enhancing transparency and speeding up procedures. The success is also seen as an encouragement for private and family-owned companies to convert into joint-stock companies and list them on the financial market, thereby strengthening institutional work. The local market demonstrated strength and sustainability, coinciding with the Palestinian Stock Exchange index rising for the first time since 2008, amid optimism about developing new financial tools for a sustainable future phase.
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