Palestine Investment Fund Issues Record $150 Million Bond to Boost Strategic Projects

Ramallah / PNN/

Palestine Investment Fund (PIF) announced the successful completion of the largest bond issuance in Palestine’s history, worth USD 150 million for a five-year term, with the participation of a group of local and regional banks operating in Palestine.

This issuance marks a major milestone in the Fund’s ongoing efforts to strengthen its financial position and diversify funding sources for its developmental and strategic projects. It aligns with PIF’s three-year strategy, which focuses on investing in key sectors that drive sustainable economic growth — including industrial infrastructure, energy, digital economy, healthcare, trade, and agriculture, and the promotion of national production through support for strategic industries.
Seven banks participated in the subscription: Bank of Palestine, Arab Bank, Housing Bank for Trade and Finance, Cairo Amman Bank, Al Quds Bank, Palestine Investment Bank, and the Jordan Kuwait Bank.

The issuance was executed through Ethmar Invest, which acted as the financial advisor and lead manager, while Aziz, Fouad, and Raja Shahadeh Law Office served as the PIF’s legal advisor, in coordination with the Palestine Capital Market Authority (PCMA) throughout all stages of the issuance. Arab Bank – Palestine was appointed as custodian, and payment and registration agent. The issuance was fully subscribed, reflecting the strong confidence that both the Palestinian and regional banking sectors have in the PIF— a testament to its solid financial standing, efficient management, and sustainable investment approach.

Mr. Iyad Joudeh, Chairman of the Board of Directors of the Palestine Investment Fund, stated:“This issuance represents a major economic and investment achievement that reflects the strong confidence the banking sector places in Palestine Investment Fund — both in terms of its solid financial position and its responsible and sustainable investment approach. The success of this issuance clearly demonstrates PIF’s ability to attract local and regional financing to implement its 2025–2027 strategy, which aims to invest in strategic projects that meet the current needs of our people.”

He added:“This issuance comes as part of PIF’s vision to enhance its developmental role by diversifying its financing and investment instruments, enabling it to move forward with implementing strategic projects that create job opportunities and empower the Palestinian private sector. We are proud of our partnership with the banks participating in this issuance and value their trust, which reflects our shared belief in the importance of investing in Palestine as a key driver of sustainable development.”

Joudeh concluded by emphasizing that:“PIF does not seek to compete with the private sector, but rather to empower it and strengthen its capacity by investing in sectors that require developmental intervention to achieve growth and stability. Through this issuance, we reaffirm our partnership with local banks to lead and stimulate growth in productive sectors that directly impact citizens’ lives.”

The General Assembly of bondholders held its first meeting, attended by representatives of all participating banks, during which Al Wasata Securities Company was elected as the Bond Trustee for the issuance.