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The Capital Market Board Requests the Bank of Palestine to List its Subscribed Shares

2007-07-02

The Capital Market Board Requests the Bank of Palestine to List its Subscribed Shares

 

The Capital Markets Board requested the Bank of Palestine to offer the market the under-writing of its shareholders’ subscribed shares, regarding the decision made by the general assembly on 06-04-2007 to start 2 weeks after on the date 06-25-2007.Recall that the general assembly of the bank had decided on 06-04-2007 to put 13 million shares for the secondary public subscription. They were under-written in the first phase at about 11.5 million shares, according to the proportion of each shareholder regardless of the shareholders share percentage. As a result, the surplus exceeded 7 million shares after the allocation of shares. It is expected of the market to receive a request for the inclusion of additional shares within the upcoming days.

 

 


 

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