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The shareholders of Bank of Palestine approve capitalizing 20% of profits

2011-05-02

The shareholders of Bank of Palestine approved to capitalize 20% of the bank’s profits, by adopting the recommendation of the board of directors to distribute bonus shares by 2 shares for every 10 shares, to raise the bank’s capital to $120 million from $100 million. This was during the bank’s General Assembly held on 29/04/2011; therefore the previous closing price was modified to $3.07.