Gulf Business

MUNIB AL MASRI

CHAIRMAN, EDGO GROUP ORIGIN PALESTINE RESIDENCE PALESTINE SECTOR DIVERSIFIE­D

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Munib Rashid al-Masri is known by many names including Duke of Nablus, the Godfather and the Palestinia­n Rothschild. He is also known as the world’s richest Palestinia­n through his energy conglomera­te Edgo Group. Meanwhile, the company he chairs, PADICO accounts for up to 27 per cent of the Palestinia­n economy and employs hundreds of thousands of people. He is also a founding member of many of Palestine’s companies including Jerusalem Developmen­t and Investment Company (JEDICO), Palestine Telecommun­ications Group (PALTEL) and Palestinia­n Developmen­t and Investment Company (PADICO). Last year, Edgo continued its expansion into Africa by developing oilfields in Zambia and Malawi.

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68 NEW ENTRY

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