January 8, 2020
Ramallah, Palestine - The Palestine Exchange (PEX) has chosen Union Construction and Investment (UCI) to represent the Al Quds Index in 2020 for the real estate and investment sector.
The index includes 15 out of 48 listed companies, encompassing 74.92% of total market capitalization, which spans various sectors including banking and financial services, insurance, investment, and industry and services. The index comprises of the 15 most active companies listed on the exchange.
Eng. Khaled Al Sabawi, UCI’s CEO and Vice Chairman of the Board of Directors, expressed his pride in UCI’s selection to represent the index in 2020 for the real estate and investment sector.
“UCI is one of the 15 most active companies listed on the exchange, providing a strong testament of increased shareholder confidence in the company and the activity of its shares,” Al Sabawi said.
“We are confident that 2020 will be a productive year and a natural continuation of the UCI's achievements. We will continue developing our approaches and strategies to satisfy the needs of our customers and achieve the best return on their investment in the real estate sector in Palestine.” he added.
It is worth mentioning that UCI is one of the leading companies in the field of investment and real estate development in Palestine. It was founded in 2005 by a group of experienced Palestinian and Arab businessmen supported by some of the investment companies in the Arab world. UCI has worked since then to change the culture of commercial and residential development in Palestine.
UCI’s share has been listed on the market of the Palestine Exchange since January 2007, roughly a year and a half after its establishment. On the first trading session after being listed on the Palestine Exchange, UCI’s stock was traded at $1.24 per share.
UCI has constructed a number of buildings that are major landmarks in Palestine, including UCI main building in Al Masyoun area in Ramallah, which is the first environmentally-friendly building in the region. The company also built Arcadia residential complexes, and the first single residential community in Palestine Al Etihad Villas, in addition to the leading TABO project and the series of Al Masyoun Gardens residential projects located in Al Masyoun neighborhood in Ramallah.