Bank of Palestine signs an agreement with Projacs International to manage the establishment of BOP's new Headquarters in RamallahBank of Palestine signs an agreement with Projacs International to manage the establishment of BOP's new Headquarters in Ramallah





Hashim Shawa, Chairman and General Manager of BOP signed an agreement with Loai Khouri, CEO of Projacs International, whereby the latter would oversee the establishment of a new 22-floor headquarters building for BOP in Ramallah, as part of the Irsal Center projects led by the Palestinian Investment Fund.

Under the agreement, Projacs International will manage the project in the design, plan, and tender phases, in addition to overseeing all developments related to this phase throughout the rest of the project. Shawa stated that BOP is proud to be working with Projacs International, explaining that the new BOP HQ project is part of BOP's ambitious development and expansion strategy for the future.

Loai Khouri thanked BOP for choosing Projacs International to oversee the implementation of this important project, and praised the bank for its accomplishments. Khouri added that Projacs will always do its best to fulfill the expectations of its customers.

The new 22-floor building will be built according to global environmental standards, as BOP adopts a green energy strategy. In addition to the departments of BOP's general management, the building will include a main branch in Irsal Center- Al-Bireh, a conference center, training venter, information center, nursery for employees' children, gym, and restaurant.

About Bank of Palestine (BoP)

Bank of Palestine has a long embedded presence and experience in Palestine dating back to 1960. The bank is now the largest Palestinian bank with the most widespread branch network in Palestine, a paid up capital of $150 million, and assets of over $2 billion, with 1,100 employees serving around 600,000 customers. Operating as a universal bank, BoP is engaged in retail, corporate, micro and SME, and Diaspora banking operations, with the largest card processing operations in Palestine; BoP is the sole agent for issuing and acquiring Visa and MasterCard in Palestine with over 5,000 Point of Sale merchant terminals nationwide. Recently, BoP has also been playing a leading role in some of the largest project finance loan syndications in Palestine. Bank of Palestine adopts a holistic sustainability strategy and has been the leader in Corporate Social Responsibility (CSR) in Palestine dedicating 5% of its net profit to community development.Bank of Palestine’s stock (PEX: BOP) has been listed on the Palestine Exchange (PEX) since 2005. It is among the market’s blue chip stocks, and represents more than 14% of total PEX market capitalization.

Projacs International

Projacs International is the largest Pan-Arab project management firm. Established in 1984, Projacs now has 21 major offices in the Middle East, North Africa, Asia, Europe and North America with over 600 professional staff offering customized services to a variety of clients in the public and private sectors.



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