Sinokrot Holding is the largest family-owned business group in the Palestinian territories, established in 1982. It is based in Ramallah, operating in 20,000 m2 of buildings with 350 employees. The company sells from more than 4,000 outlets. The chairman, Mazen Tawfiq Sinokrot, who was a Minister of National Economy until March 2006, as well as Chairman of the Board for the Palestine Standards Institute, Palestine Investment and Promotion Agency, and Palestine Industrial Zones and Free Zones Authority.
The Sinokrot family has worked in food products since 1982, when the company began manufacturing candies, chocolate, and other confectioneries in its first Ramallah factory. Sinokrot has also established the following ventures: