PEC value and ownership

Palestine Electric Company (PEC) was established in Gaza, Palestine in 1999 and is registered in accordance with the Companies’ Law as a Public Shareholding Company with paid-in capital of 60 million US Dollars. PEC shares were listed in the Palestine Exchange in 2004, where 33% of its shares are owned by Public Shareholders and 67% owned by Founding Companies.

The Company established its subsidiary “Gaza Power Generating Company (GPGC)” in Gaza, which has an exclusive right from PNA to generate electricity in the Gaza Strip.