The Wassel Group was formed in 2005 to offer a comprehensive network of logistics and distribution services to the Palestinian market. Publically traded on the Palestine Exchange (PEX), Wassel has a 16,000 strong shareholder base. Also known as the Palestinian Distribution and Logistics Services Company, Wassel was formed to meet the growing needs of businesses in the rapidly expanding Palestinian economy in the integrated logistics solutions sector. In 2010, the Siraj Fund purchased a large stake in the Wassel Group and announced plans to restructure the subsidiaries and expand the group’s core services base.
The flagship of the Wassel group of companies, Wassel Logistics, provides total logistics management solutions and transportation support services, including international worldwide express, domestic transportation, local delivery and same-day courier service, cargo and freight services, supply chain management, inventory and warehouse operations management, as well as a roster of custom value-added services.
Other Wassel group subsidiaries include: vehicle and equipment leasing (PalLease); event management and exhibition services (PalExpo); integrated home and business security solutions (PalSafe); commercial and residential janitorial services (PalClean) and distribution and sales of XEROX and Neopost office and mailing equipment in Palestine (PalTech).