Palestine Telecommunications Company P.L.C. (PLSE:PALTEL) acquired an additional 25% stake in Jericho Gate for Real Estate Investment Company from Palestine Development & Investment Co. (PLSE:PADICO) for JOD 26 million on February 10, 2019. Palestine Telecommunications Company currently holds 50% stake in Jericho Gate and upon completion of the transaction will now hold 75% stake in the company.

Palestine Telecommunications Company P.L.C. (PLSE:PALTEL) completed the acquisition of an additional 25% stake in Jericho Gate for Real Estate Investment Company from Palestine Development & Investment Co. (PLSE:PADICO) on February 10, 2019.